Industry

Bolivia’s gas production fell 24% since 2014 and reserves fell to 7.3TCF

2019 has been a particularly difficult year for Bolivia’s hydrocarbon sector. There was a drop in about 24% of gas production compared to 2014; reserves fell to 7.3 trillion cubic feet (TCF); Brazil fined Bolivia with $133 million; and the signed addendum to the contract with Argentina involves a 40% reduction in export volumes compared to the initial agreement, which means a revenue drop of Bs.6.757 million ($977.5 million), according to national and regional Government sources.

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Source: Los Tiempos

Categories:Industry