Offshoot of Bolivia-to-Brazil gas line gets loan guarantee

U.S. officials have approved $200 million in loan guarantees for a project to pipe natural gas from Bolivia to Brazil by way of the Chiquitano, described by conservationists as the world’s largest intact tropical dry forest. The pipeline, a joint effort by Enron Corp., Shell International Gas and Bolivian pension and state oil workers’ funds, will run from Ipiás, Bolivia to Cuiabá in western Brazil. The $570-million project also calls for construction of Brazil’s first natural gas power plant, a 480-megawatt, combined-cycle facility. The pipeline is an offshoot of a 1,900-mile (3,000-km) natural gas line being built from Santa Cruz, Bolivia, to Porto Alegre, Brazil at a cost of $2 billion. Directors of the U.S. Overseas Private Investment Corp. (OPIC... [Log in to read more]

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