Bolivia Will Sell 2.3 Billion Dollars’ Worth of Gas to Brazil and Argentina in 2010
By Dialogo May 21, 2010Bolivia will sell natural gas to Brazil and Argentina for a total of 2.3 billion dollars in 2010, an executive of the Bolivian state petroleum firm YPFB announced Wednesday. “With a conservative base of increase, I believe that we’re going to have at least 2.3 billion dollars, a fifteen-percent increase,” the YPFB executive, Cyro Camacho, said at a press conference, referring to the supply of the fuel to the two neighboring countries. Last year sales of Bolivian gas to Brazil and Argentina reached 2 billion dollars: 22 million cubic meters a day (MCMD) to the former and between 3 and 4 MCMD to the latter, according to the Bolivian official. Camacho noted that “in May we’re going to reach the maximum capacity of the Bolivia-Brazil pipeline, which is 31 million cubic meters a day” (MCMD), due to the fact that Brasilia will be sending more gas to its power plants for the São Paulo market. Brazil’s contract with Bolivia, signed in 1999 and valid for twenty years, commits to a maximum supply of 31 MCMD, and in the Argentine case, La Paz and Buenos Aires signed an agreement in March to sell up to 7.7 MCMD this year.