Bolivian president Luis Arce, announced on September 1st. that the country’s natural gas reserves have been depleted, and exports to Argentina and Brazil will be interrupted, leaving a massive hole in the economy of the country.
Bolivia pumped last month nearly half the gas it used to send to Argentina in May of 2022 due to output problems as demand increases due to cold weather, it was reported by El Deber citing data from the Departmental Center for Monitoring and Control of Hydrocarbons of the Santa Cruz Government and the Ministry of Hydrocarbons and Energy.
Bolivia's Minister of Hydrocarbons and Energy Franklin Molina said the agreement with Brazil for the sale of cooking gas signed during the arguably illegitimate administration of Janine Áñez was detrimental to his country and will now seek to reach a new, more favorable deal.
Uruguay's state-run oil company ANCAP Tuesday announced that as a result of a power cut at the La Teja refinery coupled with unionist protests, the company had been forced to activate an emergency import from Argentina of 60 lorries of cooking gas in addition to two shipments to secure supply.
While the Bolivian state-run YPFB is yet to report on any progress regarding payment conditions with Brazil for gas sales or the signing of the sixth addendum to the export contract with Argentina, hydrocarbon analysts have insisted on the need to roundup these negotiations given the current situation stemming from Russia's invasion of Ukraine.
Prime Minister Boris Johnson hosted on Monday a roundtable of leaders in the UK’s offshore oil and gas industry today to discuss domestic energy security. This is part of a series of engagements by the Government across the UK’s energy sectors, including with renewable and nuclear companies in the coming days and weeks.
United States will increase its liquefied natural gas (LNG) production capacity by 20% by the end of the year, making it the world’s largest exporter of the product as Europeans try to decrease their reliance on Russian supplies.
Germany is confident it can meet its energy needs even without Russian gas, given the current dispute over the self-declared, Moscow-supported independent provinces in Ukraine. The statement is from Germany's Economy minister Robert Habeck when he was asked on public radio on the situation
Europeans will soon have to pay €2,000 ($2,200) per thousand cubic meters of natural gas, former Russian president and current deputy chairman of the Security Council Dmitry Medvedev tweeted on Tuesday. The warning comes after Germany ordered a halt to Nord Stream 2 gas pipeline certification.
Bolivia's Deputy Minister of Exploration and Exploitation Daniel Mayta Jiménez Tuesday said that following the discovery of the Margarita 10 well and in a move to foster investment and encourage production, the Hydrocarbons Law 3058 -enacted May 17, 2005- needed changing.