Brazil’s national oil agency indicated that gas imports decreased from 33 Mcmd (million cubic metres per day) in 2014 to 26 Mcmd in 2018.
The government signed a contract with the Canadian New Pacific to exploit important silver deposits in Potosí. An initial investment of $US 6 million is estimated, with the aim of producing about 10,000 tons of silver oxide per day.
There are signs of significant gas reserves in geological formation of Huamampampa in the regions of Santa Cruz, Chuquisaca and Tarija, announced the government. Hydrocarbons Minister, Luis Alberto Sánchez, said that after having exceeded the 7,800 meters of drilling there are strong indications of the existence of a “sea of gas”. However, gas analysts warned that at that depth the results of production tests should be expected to determine profitability.