YPFB loses $60 Mn per year at LNG plant

State oil company YPFB loses about $60 million per year from the operation of the natural gas liquefaction plant (LNG), according to estimates made by the consultancy Gas Energy Latin America (GELA). To date, the infrastructure operates on average 10% of its installed capacity. It is a 10 million cubic foot (MMpcd) liquefaction plant (MMpcd) and 33 regasification stations in remote populations in Bolivia, costing about $250 million.

Gas sales to Petrobras will drop by 35% to avoid non-compliance

The addendum to the gas export contract to Brazil, which will be signed on 7 March, envisages a volume between 14 and 20 million cubic meters per day (MMm3d), a reduction of 35% compared to the previous contract. The time of the agreement will be two to four years, and Bolivia is trying to index the price not only at the international price of oil but at the global price of LNG.

Bolivia consumes 120 tons of mercury per year for gold mining

Statistics from both the Ministry of the Environment and the International Mercury Observatory show that mercury consumption in the country is above 120 tonnes per year for gold activities. In Bolivia, adequate mechanisms for controlling the use of mercury in gold mining activity are lacking, and only 250 of 1800 cooperatives are environmentally licensed, an essential document for their operations.

Bolivian Stock Exchange: total transactions amounted to $11.8 bn in 2019

he Bolivian Stock Exchange (BSE) moved $1.8 billion in 2019, a figure lower than 30% than in 2018, due to the uncertainty generated by the cancelled elections of October 20 and more inferior liquidity in the market. However, demand for companies seeking to finance the public stock exchange grew; $550 million placed in new broadcasts in 2018 and $750 million in 2019. The outlook for 2020 is to reach $12 billion traded.

ENDE is reviewing $397 mn hydroelectric project which is at a standstill

The Miguillas hydroelectric project costs $397 million. The work involves the construction of two cascading hydroelectric plants, a dam with a height of 29 meters, 22 kilometres of water conduction tunnels and 100 kilometres of access roads, to increase electricity generation by 204 MW, to inject into the National Interconnected System. In 2014 it was awarded to the Spanish company Isolux Corsán Corviam, a company that went bankrupt in Spain and abandoned the works in 2017. ENDE was in charge of the project and subcontracted the Chinese company Railway to build the tunnels and access roads but left the project in November 2019.

Bolivia negotiates new addendum to gas export contract with Argentina

Bolivia negotiates a new addendum to the natural gas export contract with Argentina with a fixed delivery volume of 10 million cubic meters per day (MMmcd) that allows sufficient amount of gas to meet domestic demand and commitments contracts for exports. Domestic gas production reaches 54 MMmcd, which distributed as follows: 14 MMmcd – household consumption, 30 MMmcd – export to Brazil and 10 MMmcd – shipping to Argentina.

Government to spend $650 MM on exploration

The national government will invest over the next three years, $650 million for hydrocarbon exploration in the department of Chuquisaca. There are three exploratory wells: Sipotindi X1, Boycobo South X1 and Ñancahuazú X1, which belong to the Azero block. The wells of Ñancahuazú and Boyicobo have prospects of exceeding the trillion cubic feet (TCF), Sipotindi expects 0.33 TCF.