Bolivia’s YPFB wants to pipe Argentine gas to Brazil starting in October

Bolivian state oil company YPFB said on Tuesday it will be able to transport 3 million cubic meters of Argentine gas a day to Brazil starting in October, as the two South American neighbors discuss options for supplying the region’s biggest energy.

The deal hasn’t been finalized yet, but energy companies in Brazil, Latin America’s largest economy, and Argentina are trying to reverse the flow of a network of pipelines connecting the three countries amid deficits of regional gas.

Brazil has previously said it will need supplies from Argentina, which has the world’s second-largest shale gas reserves. Exports from Bolivia, once a major producer, have declined and may no longer be available after 2029, experts say.

In a press conference, YPFB representatives said that the company is working to further increase transportation volumes and that, in the medium term, YPFB is working on projects that could increase volumes by more than 10 million cubic meters per day .

“The strategic location of our state and a pipeline system connecting the three countries (Argentina-Bolivia-Brazil) consolidate it as the immediate, safe and efficient option for regional energy integration in the natural gas market,” he said YPFB president executive Armin Dorgathen said in a statement.

Paraguay, however, has pushed a rival bid for a potential $1.5 billion pipeline that would connect Argentine gas to Brazil. Both projects, if realized, would mark a potentially major shift in regional energy flows.

Source: Terra

Rose

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