Industry

International oil price raises a favourable scenario for Bolivian gas in Argentina and Brazil

With the price of oil at $30 a barrel, the Vaca Muerta gas fields in Argentina and the Pre-Sal in Brazil are unviable. Faced with a drop in production in Argentina, due to the characteristics of the shale gas extracted from Vaca Muerta, an addendum could be rushed with that country, because the current one is very complacent and disadvantageous for Bolivia. The state will sell gas to Brazil and Argentina for $3 per BTU, the great advantage of the country is the investment in pipelines that it has until these two markets.

Source: El Deber

Categories:Industry