Argentina taps BNDES for gas pipeline financing

Argentina taps BNDES for gas pipeline financing

International Financial Institutions CAF Corporate & Sovereign Strategy Loans Argentina Brazil Gas LNG Pipelines

Argentine Energy Secretary Flavia Royón said Monday that the country has secured a $689 million loan from Brazilian development bank BNDES to finance the second stage of a $3.4 billion project to build a natural gas pipeline, which eventually will supply Brazil. The financing will add to another $540 million loan that has lined up for this stage of the project from the Latin American development bank CAF. The funds will go to building the second stage of the President Néstor Kirchner pipeline, w

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