Publication: International Gas Trade : The Bolivia-Brazil Gas Pipeline
Date
1998-05
ISSN
Published
1998-05
Author(s)
Law, Peter L.
de Franco, Nelson
Abstract
The Bolivia-Brazil natural gas pipeline,
which will transport natural gas more than 3,000 kilometers,
will cost US$2.1 billion to construct. Despite the
substantial benefits for both Bolivia and Brazil and the
involvement of reputable private partners, the perceived
risks and complexities of this large project made financing
it a major challenge. The pipeline will link supply in one
country to a potential market is another. Neither of these
countries has a tradition of independent regulation or
economic pricing of fuels. And the pipeline will be the
first major gas infrastructure project involving the private
sector in Brazil, where the natural gas market is
underdeveloped and the gas distribution infrastructure still
very limited. This Note explains the historical factors that
shaped the project, how the financing package came together,
and the role the pipeline will play in liberalizing the
Brazilian hydrocarbon sector.
Citation
“Law, Peter L.; de Franco, Nelson. 1998. International Gas Trade : The Bolivia-Brazil Gas Pipeline. Viewpoint: Public Policy for the Private Sector; Note No. 144. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/8646f5d7-a628-5bad-afa6-eef1fd5d0842 License: CC BY 3.0 IGO.”
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