Wednesday , June 7 2023

Petrobras intends to reduce imports of Bolivia gas – ECONOMY


Petrobras is considering a gas supply contract with Bolivia, ending next year, according to the Brazilian newspaper O Globo. The agreement with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) will enable Brazilian state company to import up to 34 million cubic meters per day.

According to the proposal, discussed with the Petrobras technical spheres, it is necessary to double the volumes; ie about 15 million cubic meters per day. This is equivalent to the San Paolo state market.

The Bolivian gas import contract is one of the issues to be discussed by future economist Roberto Castello Branco.

Sources close to the executive branch claim that he still has no position on this issue, but claims that he can listen to the company's technical area.

Taking into account that the priority of the Brazilian state company is to increase production at pre-salt fields (foreign countries), it is obliged to pay 24 million cubic meters per day, even if not imported.

Let's remind, the season of purchase was 30 million cubic meters per day; However, in recent years, due to the low domestic demand, the Brazilian state has more gas to buy and cover its local market.

Possible reduction of imports of Bolivia gas Petrobras Company will be able to come to the international gas pipeline, prepared by Brazil's National Oil Agency (GNP) next year, and know which companies can work with gas.

He came

The drop in gas imports from Bolivia is half the case. Bolivia, which was carried out by the Brazilian Ministry of Mining and Energy last June, proposed to revise the agreement on gas purchase up to 50% after the 2018 Panorama de Industria de Gasia natural gas and imports of Bolivia; ie, 16 million cubic meters per day.

"It is believed that after 2017 Brazil will be able to extend the contract for the purchase of Bolivia natural gas under new contracts, which is less than agreed in current contracts," reads the document.

DTYY contacted YPFB President Óscar Barriga, who came to Santa Cruz and said he would refer to today's topic.

Remind that, in July 2017, the hydrocarbons minister, Lucia Alberto Sánchez, holds the Bolivian gas market in Brazil at 30, 35 and 40 million cubic meters. Bolivian gas is competitive in terms of price and will be needed because it is cheaper than LNG.


According to energy analyst Alvaro Rios, Petrobras has produced gas from the Presal fields for four to five years, requiring less Bolivia gas, so imports are logical.

"Bolivia can negotiate with private companies, which can significantly increase the volume. The only thing is not the state's state contract. We look at Petrobras as a company that is responsible for the country, "Rios said.

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