(Energy Analytics Institute, Aaron Simonsky, 11.May.2016) – The government of Uruguay continues to move forward with agreements to secure markets for natural gas to come from its proposed regasification plant in Punta de Sayago.
Uruguay’s President Tabaré Vázquez and Industry, Energy and Mining Minister Carolina Cosse, signed a decree that will authorize the approval of a pre-agreement between Uruguay and Argentina for the purchase-and-sale of natural gas produced in Uruguay, reported the daily newspaper LaRed21.
In recent months officials from Argentina have continued to reiterated the country’s interest in acquiring gas from its neighbor Uruguay.
An Interconnection Commission will be formed within 30 days once the countries finally reach an agreement.
The time frame for the purchase of the gas will be 10 years after the regasification plant starts operations.
“It is estimated to start working in the second half of 2017, if Uruguay decides to realize the investment,” reported the daily, citing Cosse.