MercoPress. South Atlantic News Agency
Bolivia agrees to sell more gas to Argentina under an ‘interruptible’ contract
Argentina and Bolivia signed on Wednesday new agreements to increase the sale of Bolivian natural gas to its southern neighbour but the controversial issue of a price review went unnoticed. Read full article
Comments
Disclaimer & comment rules“subject to the ‘interruptible’ clause meaning no side will be forced to pay fines if either of them does not comply with the deal.”
Jul 19th, 2012 - 08:41 am - Link - Report abuse 0Very wise, thinking ahead. The Argentine government tends not to pay what it owes. The Bolivians are obviously well aware of this. They still want that bit of Chile though, so they have to play with Argentina.
They'd have been better off supplying the multi billion dollar Indian mining project than signing an unenforceable contract with Argentina.
Jul 19th, 2012 - 09:10 am - Link - Report abuse 0If Argentina plays its cards right it maybe able to buy energy cheaper from the Falklands in a few years, one hundred percent payment up front of course.
Jul 19th, 2012 - 10:49 am - Link - Report abuse 0Argieland: We NEED gas.
Jul 19th, 2012 - 11:33 am - Link - Report abuse 0Producer: Shove a pipe down CFK's throat and another one up her ass. Plenty of gas there.
I am not sure how dumb both of these Rulers think their citizens are Bolivia is already exporting capacity to Arg. They can't increase it they don't have the production capabilities since they nationalized their fields and there isn't enough pipelines to BA WHERE THEY NEED THE GAS!
Jul 19th, 2012 - 12:09 pm - Link - Report abuse 0Bolivians are so dumb they should get over their themselves and sell to Chile before they lose Brazil as a client since the huge discoveries there. It doesn't do any good to have gas in the ground with nobody buying it.
We don’t know what CFK had to offer in exchange,
Jul 19th, 2012 - 12:41 pm - Link - Report abuse 0But whatever it was,
BK wont be happy ??
.
@3 Couple of minor problems. Could argies lay an undersea pipeline that long? Otherwise, it's down to tankers. But Falklands-flagged vessels can't dock in argie ports. Oooops!
Jul 19th, 2012 - 12:53 pm - Link - Report abuse 0What an epic failure this story exposes. Argentina nationilsed YPF in an attempt to cut its fuel import bill. The fact that they have had to go cap in hand to Bolivia and offer anything Bolivia asked shows that the nationalisation of YPF has only lead to an increase in the quanitiy of imported natural gas and therefore an icnrease in the fuel bill, which will of course need more dollars to pay for. Therefore expect more dollar restrictions soon.
Jul 19th, 2012 - 01:06 pm - Link - Report abuse 0I also suppose that the present deal between Argentina and Chile will continue in effect. I mean the deal where Argentina buys gas from Bolivia and sells it to Chile at a rate below what Argentina pays Bolivia.
Jul 19th, 2012 - 02:17 pm - Link - Report abuse 0Simon, TTT, Think, Dany
Jul 19th, 2012 - 02:21 pm - Link - Report abuse 0Is it not the case that Argentina has significant natural gas reserves, 3rd largest in the world or something like that?
If this is the case and they are importing from Bolivia, that would imply that domestic consumption is greater than domestic production.
If this is the case, would it not be better to increase production rather than build a pipeline to Bolivia?
Help me out understanding this please.
10 Condorito
Jul 19th, 2012 - 02:31 pm - Link - Report abuse 0There is no logic that would help you understand it.
It's just the Argentine way.
10 Condorito (#)
Jul 19th, 2012 - 02:32 pm - Link - Report abuse 0But, Condorito, you live in a logical world, with Kretina at the helm we live in a world of illusion.
In our world it's better to steal a company from the “wicked gallegos” who were going to invest US$3.5 billion in order to exploit the “Vaca Muerta” shale field, and then buy gas from Bolivia at a far higher cost than the consumers pay for it. This is the way we do business in Argentina.
I believe we have given up selling the Bolivian gas that we buy at international prices to you guys at a loss. That was another example of our brilliant leader's business sense!!!!
@10
Jul 19th, 2012 - 02:35 pm - Link - Report abuse 0Because since CFK nationilsed YPF the government does not have the investment required 3.5 B USD a year to develop its own natural gas infrastructure. As I pointed out in my post above, YPF and hence the Argetnine governemnt have the resources just not the money to get at them. This was the folly of the nationilisation plan. It was designed to cut fuel import bills and it has only have the opposite effect.
What this sotry really says about CFK is she was wrong to nationalise YPF.
@10 What it means is that argieland doesn't have the knowledge, the ability or the resources to get the stuff out of the ground and process it for use. Compare it to a cook with a pile of ingredients, no knowledge of how to turn them into food, no equipment that he/she knows how to operate and no power to operate any equipment. Plus, which part of the knife do you hold and which part cuts?
Jul 19th, 2012 - 04:55 pm - Link - Report abuse 0the way the world economy is diving ,and with the USA fiscal cliff approaching the price of oil could well go down,how does suit everybody?
Jul 19th, 2012 - 05:56 pm - Link - Report abuse 015. The “fiscal cliff” is a made up problem created by Democrats. It will all be solved by the next President in 2013. Nothing to worry about,
Jul 19th, 2012 - 06:19 pm - Link - Report abuse 0The real problem is China, under 8% growth the possibility of civil unrest grows exponentially. I think they are in for a hard landing, credit and housing bust and a long slow down. 100s of millions of starving peasants can't be kept down and kicked around forever!
a Republican President is not a given,also the U.S. debt is not a made up problem,it will have to be paid,if not with taxes,how?
Jul 19th, 2012 - 07:51 pm - Link - Report abuse 0they say, that you cannot borrow for ever, unless its not your money that you are borrowing,
Jul 19th, 2012 - 10:47 pm - Link - Report abuse 0alas, you dont have to pay it back,
some poor sod decades down the line gets caught, and the poor pay the price,
all bubbles burst, it just a matter of when, rather than where .
#6 ??? I'm very happy! About the meeting between these two very impressive left leaders, their agreements and deepening unity. Don't know what else you coul have meant....
Jul 20th, 2012 - 07:41 am - Link - Report abuse 0Nothing meant nothing gained,
Jul 20th, 2012 - 01:48 pm - Link - Report abuse 0Just you understand, you may well be supporting the end of democracy in South America,
As we know it,
Then again, i could be wrong,
And together, they will become the greatest duo, since batman and robin. ??
With this new agreement with Bolivia, we are paying US$11 per BTU. This gas is sold to the consumer at US$2.50 per BTU.
Jul 20th, 2012 - 02:11 pm - Link - Report abuse 0How long can this situation be kept up?
Its ver kind of Kretina, but I'd rather pay what its worth and know that I'd have it forever, than pay next to nothing and suddenly find myself witout heating in Winter!!!!!
@19 Could that be because you're a brainless twat? ALL your comments would indicate that that is the truth!
Jul 20th, 2012 - 04:15 pm - Link - Report abuse 0Commenting for this story is now closed.
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