Bolivia stops gasoline gross sales to Argentina, shifts towards Brazil
The western Brazilian market is a Bolivian gasoline market, Dorgathen defined
After terminating the provision to Argentina, Bolivia will up its gasoline pumping in the direction of Brazil in keeping with an settlement between YPFB and Petrobras. Buenos Aires introduced it could not be needing Bolivian gasoline since Vaca Muerta, the second-largest reserve on the earth and the fourth-largest oil reserve, ensures the provision for its home market.
As of September 30 or October 1, we started to ship bigger volumes of gasoline to Petrobras. This was already within the contract, it’s one thing that was already deliberate, not simply now, however for about two years now we have been engaged on this second that was going to occur with Argentina, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) President Armin Dorgathen mentioned in a TV interview.
Pure gasoline provides to Argentina in August and September have been made doable by an addendum after a request from the Argentine authorities. The unique contract expired on July 31.
Argentina determined to droop Bolivian gasoline imports as a result of for years it started to develop the Vaca Muerta formation.
Nevertheless, some Bolivian analysts declare that provide to Argentina was halted as a result of Bolivia doesn’t have gasoline to promote to Argentina. However Dorgathen downplayed these allegations. ”Argentina has stopped shopping for gasoline from Bolivia as a result of it has a monster: Vaca Muerta, which has an immense quantity of TCF (trillion cubic ft), and the capability to produce pure gasoline to its home market is clear.
Dorgathen additionally identified that Brazil would pay a better value for Bolivian gasoline than Argentina did. He additionally recalled that the opportunity of Vaca Muerta gasoline reaching Brazil was additionally into consideration. However Argentina set a really excessive value, he defined. So, clearly, it is a market, is not it? So, if Brazil can purchase this gasoline, it is going to rely on the worth that this gasoline reaches in Brazil, and at the moment, with the minimal export value that the Argentine authorities has determined to set, it’s unfeasible for this gasoline to achieve Brazil, he added.
Even when at the moment Brazil want to import a larger quantity of LNG or what Argentina proposed to be a pipeline by way of Paraguay or the pipeline by way of Uruguay, it is going to attain the identical node, it is going to attain the south of Brazil, the southeast of Brazil. The western Brazilian market is a Bolivian market and the one solution to bodily attain it’s Bolivian gasoline. So Bolivia will proceed to have that market,” Dorgathen additionally identified.
