El gasoducto se extiende de Punta Lara, Argentina a Colonia del Sacramento y Montevideo, Uruguay.[2]
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La construcción del gasoducto comenzó en marzo de 2001. Fue terminado en noviembre de 2002 e inaugurado por los presidentes de Uruguay y Argentina, Jorge Batlle Ibáñez y Eduardo Duhalde.[6] El gasoducto, construido a un costo de US$150 millones[7], tiene una longitud de 199 km[6] y una capacidad de 5 millones de metros cúbicos de gas natural por día (1.825 millones de metros cúbicos por año).[5] El tramo marítimo que cruza el Río de la Plata entre Punta Lara (Argentina) y Santa Ana (Uruguay) tiene una longitud de 55 kilómetros, mientras que el tramo terrestre uruguayo mide 144 kilómetros.[6] La tubería varía en diámetro de 18 a 24 pulgadas.[5]
El gasoducto se abastece de gas natural de los yacimientos de la Cuenca Neuquina. Se ha propuesto extender el gasoducto hasta el estado de Rio Grande do Sul en Brasil. El ramal comenzaría en Colonia, Uruguay y terminaría en Porto Alegre, Brasil, con 415 kilometros de cañerías en el lado uruguayo y 505 kilometros en el lado brasileño. En Rio Grande do Sul, se conectaría con el gasoducto GASBOL.[7]