Bolivia Charged $ 16.6m of Gas Exports to Brazil

Source: www.gulfoilandgas.com 2/14/2014, Location: South America

Bolivia sent to Brazil 2.24 million additional to Brazil cubic meters per day (MCF), which allow the country to receive new resources and reach a record in export markets Brazil and Argentina. The Deputy Minister for Industrialisation, Trade, Transport and Storage of Hydrocarbons, Alvaro Arnez explained that "in the period of 20 days, the State will receive approximately U.S. $ 16.6 million for gas exports to Brazil."

The state oil company YPFB (YPFB) will send a volume of 2.24 MMmcd destined for thermoelectric Cuiab?, Brazil.

This increase in demand is due to Brazil's economic movement generated by the organization of the World Cup 2014 and the Olympics in 2016.

The signed contract will work on a new long-term agreement interruptible. "This scenario does favor the negotiation, including price," said Arnez.

In this period of export will work on the content of a new long-term interruptible contract, to be signed by the Presidents of YPFB and Petrobras will be agreed once the terms and conditions thereof.

Bolivia currently exports to Brazil by 31.6 MMmcd GSA contract and Argentina 19 MCF of natural gas demand in the domestic market reaches 10 MMmcd.

"Bolivia come to export approximately about 53 MCF, which is historical in theme export gas, if we include the domestic market we processed 63 MMmcd, this creates certainty for management 2014".

These new resources (U.S. $ 16.6 million) economically benefit the departmental governments, municipalities, universities and the health and education sectors, is one of the fruits over Nationalization of Hydrocarbons.

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