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Article: URUGUAY: JOINT VENTURE CONSTRUCTION PLANS FOR PROPOSED $160,000,000 GAS DISTRIBUTION NETWORK, SEMPRA ENERGY [USA], UNION FENOSA [SPAIN] & ANCAP [URUGUAY] - Order #: 02652000.
- Article from:
- WWP- Report on Oil Gas & Petrochemicals in the Developing World
- Article date:
- February 1, 2000
CopyrightCOPYRIGHT 2000 Worldwide Projects, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PROJECT OVERVIEW
An international consortium consisting of U.S.-based SEMPRA ENERGY, UNION FENOSA of Spain and the local ANCAP had been selected in early 1998 to build a national gas distribution network in the country. However, a final contract was only recently concluded in order to enable the project to move ahead.
According to the terms of the agreement, the concession is to last for a 20 year period and include a further 10-year option. Development plans call for installing some 3,800 kms of transmission lines in order to enable the delivery of gas to 70 cities in the interior of the country. As a matter, of fact the concession is said to cover ...