Fears Bolivia could run out of gas in a few years because of lack of investments
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Loading... - Carlos Manuel
- 13 Feb 2023
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The Bolivian government has rejected predictions that the country will cease to be an exporter of natural gas and become a net importer by 2030. The government has said it has plans to invest some US$ 325 million in exploration and extraction in new wells by the country's hydrocarbons company, YPFB, Yacimientos Petroliferos Federales de Bolivia.
Fears arose from Sao Paulo, since YPFB is currently Brazil's largest external gas supplier, taking some 30% of the Liquefied natural gas produced by Bolivia and transported through the Brazil/Bolivia Gas Pipeline. At one time Bolivia would send Brazil some 30 million cubic meters a day of LNG, but the volume since May 2022, is now down to 20 million per day. Read More..
