Macroeconomy/Finance

Bolivia requests to Argentina $100 million in advance for July gas

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) asked its Argentine counterpart for an advance of $100 million on account of the entire natural gas supply to send in July. YPFB requested the advancement because the country was in breach of contract by not declaring a guarantee from Banco Nación. The “default” does not imply a risk of natural gas supply to Argentina, although it reveals the country’s poor energy season.

Source: Los Tiempos