Bolivia and Mexico to include natural gas in economic agreement

Sep 19, 2001 02:00 AM

Bolivia and Mexico will include natural gas in a bilateral economic agreement, hoping to advance in their efforts to export the fuel to the United States, Bolivian Economic Development Minister Carlos Kempff said. Kempff and Bolivian Foreign Minister Gustavo Fernandez met with Mexican authorities to present the project proposal drafted by the Pacific LNG consortium, which includes Repsol-YPF, British Gas and British Petroleum.
Mexican legislation will allow the consortium to use the country's gas pipelines and plants to process the liquefied gas Bolivia hopes to export to the United States, according to Kempff. Mexican authorities "enthusiastically accepted" the idea, because it could resolve the energy deficit the country will face within the next five years, he said.

That deficit could be met with the purchase of some 20 mm cm of Bolivian natural gas per day, as long as it is at a competitive price, Kempff said, noting that Mexico has received similar offers from Venezuela and Australia.
The decisions will be reviewed in November by Bolivian President Jorge Quiroga and his Mexican counterpart, Vicente Fox, during the Ibero-American Summit in Lima.

Source: EFE
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