Bolivian state-owned YPFB guarantees gas until 2035 for Bolivia and for export

Bolivian state-owned YPFB guarantees gas until 2035 for Bolivia and for export

The state company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) reaffirmed today its willingness to guarantee gas supply until 2035, both in the domestic market and for export, especially to Argentina and Brazil.

YPFB, in a statement, stressed that Bolivia's gas reserves, certified by the Canadian company Sproule International Limited, "will allow the renewal of contracts for the purchase and sale of natural gas to Brazil and Argentina and above all to give priority to the domestic market until 2035. "

The company explained that of the 12.5 trillion cubic feet (TCF) reserve, 3.7 are planned for Argentina until 2026, another 1.7 for Brazil, for the domestic market 3.89 to 2035 and the remaining 3, 21 for expansion and subscription of new contracts.

The CEO of YPFB, Óscar Barriga, highlighted in the statement projects carried out during this year such as the sale in Bolivia of Super Ethanol 92 gasoline, which "marked the beginning of the era of green fuels" in the country.

The sale of gasoline with the least polluting additive of ethanol, produced domestically, represents "the 6% decrease in the emission of carbon dioxide (CO2) into the atmosphere," he said.

This YPFB project with Bolivian sugar mills foresees an investment of some 1,500 million dollars and the possibility of increasing the production of sugar cane from 160,000 to 360,000 tons, the company said.

Since its launch in November this year, more than 4.5 million liters were sold in Bolivia and it is expected that this fuel will be used close to 1.8 million vehicles by the end of this year, while in 2025 they could reach to 2.5 million, according to YPFB.

The company also highlighted the sale of urea fertilizer to the domestic market and to Argentina, Brazil, Paraguay and Uruguay, with more than 200,000 metric tons produced and around 70 million dollars raised since its launch in September 2017.


Source link