South American Gas Pipeline Project on Hold, Petrobras Says

Petroleo Brasileiro SA, Brazil’s state-controlled oil company, said plans to build a $20 billion natural gas pipeline from Venezuela to Argentina are on hold because of an impasse between Brazil and Bolivia over energy prices.

A feasibility study of the 10,000 kilometer (6,215 mile) pipeline that was scheduled for delivery next month, won’t be ready for at least a year, Ildo Sauer, gas unit chief of Petrobras, said in an interview at his office in Rio de Janeiro. The pipeline is a key part of Venezuelan President Hugo Chavez’s goal of integrating Latin American energy resources.
Bloomberg