Via MercoPress, a report on Bolivia’s shift towards Brazil for gas sales: After terminating the supply to Argentina, Bolivia will up its gas pumping towards Brazil according to an agreement between YPFB and Petrobras. Buenos Aires announced it would no longer be needing Bolivian gas since Vaca Muerta, the second-largest reserve in the world and […]
Read more »Via APNews, a report on a new gas find in Bolivia: Bolivia’s embattled president on Monday announced the discovery of vast natural gas reserves, describing it as the biggest find in nearly two decades that could help the cash-strapped country reverse its falling production. President Luis Arce called the trove just north of the capital […]
Read more »Via MercoPress, a report that Bolivia is diverting LNG to Argentina, leaving Brazil 7 million cm short per day: Bolivia is diverting natural gas to Argentina, and unexpectedly has reduced the supply to Petrobras by 30% this month, catching the state-owned company off guard. As a result, Petrobras experienced a loss of more or less than […]
Read more »From Robert Amsterdam’s insightful blog, a very interesting analysis of the latest announcement that Gazprom is forming a new $4.5 billion joint venture in the tumultuous Andean country with Total and Yacimientos Petroliferos Fiscales Bolivianos (YPFB), the state-held entity. As the article notes: “…what is extraordinary about this major energy deal is that Gazprom is […]
Read more »Stratfor (subscription required) recently reported that Argentine and Bolivian leaders kicked off the $1.8 billion Northeast Argentine Pipeline (GNEA) project in Buenos Aires on Jan. 25. While this has important ramifications for the South American hydrocarbon picture, Stratfor insightfully notes that this is just another harbinger that the geopolitical structure of South America is changing: […]
Read more »As noted in Xinhua earlier this month, Bolivia, Argentina and Venezuela signed an accord to create the Organization of Gas Producing and Exporting Countries of South America (Opegasur), which is aimed at consolidating their energy alliance. “…The three presidents inked the commitment memorandum for the exploration and exploitation of fossil fuels in the Bolivian provinces […]
Read more »