Chile and Argentina resume talks on natural gas

Jul 28, 2004 02:00 AM

Chile and Argentina started a second round of negotiations to solve the natural gas crisis between them.
Executive Secretary of Chile's National Energy Commission Luis Sanchez and Argentine Energy Minister Daniel Cameron will try to finalize a settlement of the crisis at their meeting in Argentina's capital of Buenos Aires.

Argentina has increased its gas export to Chile since the first round of negotiations in late May.
Chilean Economy and Energy Minister Jorge Rodriguez said the ongoing meeting will help to get "first-hand" knowledge of Argentina's gas supply to his country.

Under the Gas Integration Treaty signed by the two countries in 1997, 90 % of Chile's gas supply comes from Argentina. But Argentina, which is grappling with a serious energy crisis itself, has to buy fuel from Venezuela and cut gas export to Chile.
In May and mid-June, Argentina reduced its daily gas supply to Chile from 15 mm cm to only 5 mm cm.

Source: Xinhua News Agency
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