For the complete report in the Venezuelanalysis.com click on this link
Venezuela’s and Brazil’s Presidents, Hugo Chávez and “Lula” da Silva signed a declaration to begin the first phase of the Great Southern Gas Pipeline late last week in Rio de Janeiro, Brazil. The Venezuelan president was in the neighboring South American country for the 31st Presidential MERCOSUR summit.
The pipeline is planned to run 10,000 kilometers, from Venezuela to Argentina through Brazil and have a capacity of 150 million cubic meters of gas per day. Construction of the pipeline is estimated to cost $23 billion. When completed it will be the largest such gas pipeline in the world. Construction could begin on the project by 2009, if the feasibility and engineering studies are positive.
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