Brazilian Amazon’s Natural Gas Pipeline Gets Cash Infusion

Brazil's Coari-Manaus gas pipeline Brazil's BNDES (Brazilian Development Bank) announced that it has approved a funding of 2.49 billion Brazilian reais (US$ 1.41 billion) for building the Coari-Manaus natural gas transport pipeline, owned by Petrobras, in the northern Brazilian state of Amazonas.

The funding is one of the actions forecast by the Growth Acceleration Program (PAC), launched on January this year by the federal government.

The project will benefit Transportadora Urucu Manaus, a society that was established with the specific purpose of implementing the plan. The pipeline will have 383 kilometers (238 miles).

According to the BNDES, also to be built are nine natural gas distribution branches, aiming to cater to seven municipalities in the state of Amazonas along the length of the pipeline.

The Coari-Manaus pipeline will have a daily transport capacity of 5.5 million cubic meters, which can be expanded to up to 10 million daily cubic meters according to the development of the market.

According to Petrobras, the natural gas will be initially used by a thermoelectric plant in Manaus for power generation purposes. At a later stage, the product should be supplied to the industrial, commercial and residential sectors in the region. The project should create 36,000 job positions, of which 9,000 will be direct jobs.

The pipeline, which will take natural gas from Urucu, in the municipality of Coari, in the Amazonas state to the state's capital city Manaus is being built since mid 2006. It should be ready by April 2008.

ABr

Tags:

  • Show Comments (1)

  • Eduardo C.

    Progress
    Great project!

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazilian Federal Police Tap and Threaten the Press

Reporters Without Borders today, November 10, condemned the action of the federal police in ...

Brazilian woman makes laces in cover of book on Renaissance lace

Arabesque: an Arabian Touch on Lace Made in Brazil

They left the Arab countries, passed by Europe and ended up on the hands ...

Brazil’s Lula Meets Obama with an Eye on His Own Legacy

The visit of Brazil’s president to the White House on March 14, 2009, is ...

Brazil Presents Samba de Roda as Mankind’s Heritage

The National Non-material Heritage Program, launched yesterday by Brazil’s President Luiz Inácio Lula da ...

Ipiranga gas station in Brazil

Brazil’s Petrobras Buys Ipiranga Group for US$ 4 Billion

Government-controlled Brazilian oil giant Petrobras, Ultra group, in the gas, chemical and transport sector, ...

Brazilians in Russia Evaluating Air Defense System

The Ministry of Defense sent to Russia last week a group of nine officials ...

SOCCER IS CULTURE

Among the most devoted soccer fans are Brazilian artists. Some of Brazil’s best writers, ...

Brazil’s Itaíº and Unibanco Join to Create Southern Hemisphere’s Largest Bank

Brazilian banks Itaú and Unibanco are merging their operations establishing the largest private financial ...

Brazil’s Foreign Debt Falls US$ 1.6 Bi to US$ 200 Billion

Brazil’s balance of payments (revenues minus expenditures, excluding interest payments) yielded a US$ 3.576 ...

Brazil’s Lula Wants to Make 2006 the Year of Education

In his first weekly radio broadcast of the new year (Café com o Presidente), ...