Brazil Sees Integration as the Answer for Latin America

The president of the Brazilian Committee of the World Energy Council (Comitê Brasileiro do Conselho Mundial da Energia – CME), Norberto de Franco Medeiros, says that energy integration in Latin America could form a regional market for petroleum and other fuels, electricity and natural gas.

It could boost commercial and political relations, as well, said Medeiros, pointing out that the Economic Commission for Coal and Steel established in Europe 60 years ago has become the European Union.

"Integration of Latin America, including the Caribbean, is very important for our future. Energy integration could be the way toward further integration. That is what happened in Europe," says Medeiros.

He explained that the CME has undertaken a regional study that will be ready in 2008."The study will present a juridical-institutional framework where regional energy integration can take place," he said.

Medeiros mentioned two integration projects that are in the pipeline at the moment. The Venezuela-Argentina gas pipeline that will run through Brazil from north to south, at an estimated cost of US$ 25 billion.

And a waterway-electricity project connecting Brazil and Bolivia through the Madeira and Amazon rivers where at least two large hydroelectric power plants (both with generating capacity of more than 3,000 MW) would be built providing the region with electricity at cheap, competitive prices.

The project would also connect landlocked Bolivia to the Atlantic through Brazil, says Medeiros, and open a Pacific gateway for Brazil.

ABr

Tags:

Ads

You May Also Like

Brazil’s Boeing Accident Report Concludes Nothing and Blames No One

The just-released preliminary report on the September 29 Boeing 737 accident in the Brazilian ...

Brazil Uses Crisis to Find Opportunities Overseas for Small Companies

Apex, the Brazilian Export and Investment Promotion Agency. wants to train 5,348 companies this ...

U.S.A. Calendar

FRIDAY 1 MIAMI Today and tomorrow last two days of Women in the Arts ...

Inflation Fear Leads Brazil Central Bank to Raise Interest Rates by Steep 0.75%

The central bank of Brazil raised interest rates by 0.75% to 13% on Wednesday, ...

Brazil Starts Plan to Eradicate Slave Labor

The implantation of the Plan for the Eradication of Slave Labor, announced yesterday by ...

Brazil’s Labor Minister Boasts Country Is Starting Year at Full Power

Figures disclosed by Brazil’s General Records Office for Employment and Unemployment (Caged) show that ...

The U.S. Amasses Its Troops and Mercenaries at Brazil’s Doors

It would be easy to make fun of President Bush’s recent fiasco at the ...

Fifty Slaves Rescued in Brazil

The mobile inspection unit of Brazil’s Regional Labor Office (DRT) freed 50 rural laborers held ...

Financial Experts Get More Bullish and See Brazil’s GDP Growing 5.47% in 2010

Brazilian Analysts from the financial market have elevated the growth forecast for the Brazilian ...