Brazil has reduced its demand for Bolivian natural gas to 24 million cubic meters (845 million cubic feet) per day, prompting a drop in production of that fossil fuel, Bolivian industry sources told Efe Wednesday. After requiring 30.2 million cubic meters of gas at the beginning of the month,

Brazilian demand oscillated between 24-26 million cubic meters in
subsequent days and fell to as low as 21 million cubic meters last
weekend, the sources said. It is expected that Bolivia will send an
average of 24 million cubic meters of natural gas per day to Brazil, or
the minimum amount stipulated in their bilateral contract. Brazil needs
less Bolivian gas because it is producing more natural gas at home and
also has built two liquefied natural gas (LNG) regasification terminals
in the country’s northeast capable of receiving LNG from any part of
the world. Those plants were built partly in response to Bolivia’s move
in 2006 to nationalize its energy reserves and raise the price it
charges Brazil for natural gas. When Brazil requires less natural gas,
Bolivia tends to increase sales to Argentina to the full
7-million-cubic-meter capacity of the natural gas pipeline connecting
those two countries. However, the Argentine market currently is
demanding just 6 million cubic meters per day, while between 6 million
and 8 million are destined for the Bolivian domestic market. In total,
Bolivia is producing around 38 million cubic meters of gas per day,
compared with the more than 40 million it was producing at the start of
July. Bolivian state-run energy firm YPFB announced that the drop in
Brazilian demand for gas affects the domestic fuels production, and
that therefore Bolivia is being forced to import not only diesel but
also gasoline and liquefied petroleum gas. Bolivia’s natural gas
exports fell 25.6 percent in the first five months of the year compared
with the same period last year due to the drop in Brazilian demand.

Source: Herald Tribune

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