From the Communist Party of Australia’s Guardian 31.05.06
The leaders of the governments of Argentina, Venezuela and Brazil have met to plan one of the most ambitious and important gas pipelines to bring a new energy source to a number of countries on the continent of Latin America.
The project will bring gas supplies from Venezuela (and now Bolivia) to Brazil and Argentina and then on to Uruguay. Venezuela possesses the largest reserves of natural gas in South America and the Grand Southern Gas Pipeline, as it is being called, is estimated to create more than one million jobs in Venezuela, Brazil, Uruguay, Paraguay and Argentina.
The pipeline will run for 8,000 kilometres and is a major project in terms of its engineering as it will pass through vastly different terrains characterised by mountains, rivers, pastoral lands and high and low temperatures.
Not only will it create jobs but will enable the countries involved to replace oil projects with the much less polluting natural gas. It will also save the countries considerable costs in energy as gas is cheaper than oil. The estimated cost of the project is between US$17 and US$20 billion in total and will take five to seven years to complete.