Russian Company Gazprom Interested in Bolivian Gas
La Paz, Apr 20 (Prensa Latina) Bolivian Hydrocarbons Minister Luis Alberto Sanchez reported Wednesday that Russian company GAZPROM is now interested in signing agreements to widen its participation with Bolivia in gas exploration and transportation projects.
Authorities from Gazprom, one of the most important in the world in this kind of industry, will visit Bolivia to discuss investments in the sector.
Gazprom is a Russian hydrocarbon company, also operating with other firms in the Bolivian fields of Azero, Ipati and Aquio (Santa Cruz and Chuquisaca).
Bolivia exports gas to countries such as Argentina and Brazil. It sells for instance 25 million cubic meters of gas a day to Brazil. Those sales decreased in December and January because the neighboring country increased its power generation from hydroelectric plants.
Brazilian firm Petrobras and Yacimientos Petrolíferos Fiscales Bolivianos, carry out a study that allows the exploration of gas in the fields of San Telmo and Astilleros, in the department of Tarija.
Those fields have an area of 210 hectares with a reserve estimated at 3.4 trillion cubic feet (TCF, for its acronym in English). The country has in all a 11 TCF reserve.
Bolivia has also plans to move into other markets in neighboring countries like Paraguay. It plans to meet 100 percent its demand of liquefied petroleum gas, build gas networks for households in two cities, and explore gas fields.
|By the minute||Most read|