Bolivian gas output reaches maximum level

Mar 04, 2008 01:00 AM

The production of natural gas in Bolivia has reportedly reached its maximum level of 40-42 mm cmpd; however, total demand (internal and external) is around 46.40 mm cmpd (see Table 1).

Table 1: Bolivian gas demand (mm cmpd)

Country/Region ------- Demand
Sao Paulo (Brazil) ---- 30.00
Cuiaba (Brazil) -------- 2.20
Argentina -------------- 7.70
Total exports --------- 39.90
Bolivian market ------ 6.50
Total gas demand ---- 46.40

Consequently, the natural gas production shortfall within Bolivia has forced the country to reduce its exports to Brazil and Argentina since the government has stated that all Bolivian gas production should first be used to satisfy Bolivian demand, while the excess would be destined for export markets.

Export agreements with Argentina and Brazil
Bolivia’s state oil company, Yacimientos Petroliferos Fiscales Bolivianos (YPFB), and its Argentine counterpart, Energia Argentina SA (Enarsa), previously entered into a Purchase andSales Agreement (PSA) whereby the former agreed to supply the latter with 7.7 mm cmpd during 2007-2009 and 27.7 mm cmpd during 2010-2026.
Furthermore, YPFB also entered into a PSA with Brazil’s state oil company, Petrobras, whereby the former agreed to supply the latter with 30.0 mm cmpd from 2005-2019.

Despite the current day crisis, William Donaire, Bolivia’s Vice-Minister of Commercialization and Industrialization, announced that the production of natural gas in Bolivia is expected to rise to 80 mm cmpd by 2019, up 100 % compared to current production of 40-42 mm cmpd.

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