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About Dropdown Description

World Bank building
About

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Learn More

Our Impact Dropdown Description

Hands husking peas into a basket full of peas
Our Impact

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Learn More

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Explore different types of political risk insurance guarantees provided to investors and lenders.

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Projects

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

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EPED Holding Co. (Argentina & Chile)

$31.4 million
Oil and Gas
Project Brief
Not Active
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MIGA issued $31.4 million in coverage to EPED Holding Company for its investment in a natural gas transmission project from Argentina to Chile. MIGA's guarantee covers the investment against the risks of transfer restriction, expropriation, and war and civil disturbance. The expropriation coverage protects the investment against actions by either government against the project enterprise in either Chile or Argentina.

The project, part of an integrated energy project, will transmit natural gas from Argentina to Chile through the construction and operation of the 641 kilometer GasPacifico pipeline. In Chile all users of hydrocarbon fuels in Region VIII will benefit from reliable supplies of natural gas. The use of environmentally clean fuel will replace high-sulfer fuel oil, coal and firewood, thus alleviating pollution and deforestation. Training will be provided for construction and inspection, safety, and technical and professional programs.

The project will generate more than $835 million in tax revenues for the two countries and substantial annual exports from Argentina. Goods and services totaling approximately $100 million will be purchased for the project either in Argentina or Chile.

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