Argentina asks Toyota to speed up the manufacture of lithium batteries in Jujuy

The Argentine government has asked the Japanese consortium Toyota Tsusho to speed up the manufacture of lithium batteries, which it extracts from the Olaroz salt flat in Jujuy province, where it is investing $295 million. The neighbouring country is the second-largest lithium producer in South America after Bolivia, which has the largest reserves of the mineral which, due to its high electrochemical potential, is a suitable anode for electric batteries.

Quantum will open a shop in Paraguay and plans to sell 90 electric vehicles per month

After a market study, Quantum Motors, a company from Cochabamba, decided to open a Paraguay branch, where it plans to sell 20 cars and 70 electric motorbikes per month. Quantum will be the first formal company to enter the electric vehicle business in Paraguay. In 2020 in Bolivia it managed to sell 400 motorbikes and 300 electric cars, mainly in Santa Cruz and Cochabamba.

Since the 2010 addendum, gas sales to Argentina dropped by up to 45%

Since the first addendum signed with Integración Energética Argentina SA (Ieasa, formerly Enarsa Argentina) in March 2010, gas sales to that country have fallen by up to 45%. According to the contract signed in 2006, Bolivia should export at least 23.5 billion cubic metres this year; however, with the fifth addendum, the volume of shipments reduced to 13.8 billion cubic metres.

EIG sells stake in Brazil-Bolivia pipeline, wants to bid for 51% of Petrobras assets

EIG Global Energy Partners has sold to Fluxys Belgium a portion of South America’s biggest natural gas pipeline, clearing a regulatory obstacle to buying a bigger share of the Brazil-Bolivia duct, EIG’s CEO said. U.S.-based EIG wants to bid for the 51% stake in the pipeline owned by Brazil’s state-run oil company Petrobras, Chief Executive Blair Thomas told Reuters, as part of a wider move to into the country’s growing natural gas industry.

Entrepreneurs plan to generate $1 billion per Ichilo-Mamoré waterway

The government and private entrepreneurs of Cochabamba and Beni are articulating a plan to re-establish foreign trade, through the Ichilo-Mamoré waterway. This river route is one more alternative for Bolivia's exit to international markets. Soy, corn, sorghum, rice, beef, chestnuts, cocoa and forest products are the most significant opportunity for commercial entry to export markets, … Continue reading Entrepreneurs plan to generate $1 billion per Ichilo-Mamoré waterway

Fifth Addendum with Argentina allows Bolivia to sell gas for $4.51 per million BTU in January

Yacimientos Petrolíferos Fiscales Bolivianos stated that the price agreed for the signing of the Fifth Addendum, of the Natural Gas Purchase Agreement signed with Integración Energética Argentina S.A. (Ieasa), has a composition of international Fuels Oils basket indicators associated with the price of WTI and Henry Hub plus an additional premium of $2.25. The price for January 2021 is $4.51 per million BTU.