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Judi Lynn

(160,218 posts)
Thu Jul 19, 2012, 01:22 PM Jul 2012

Argentina bets on Bolivian gas as cheaper than LNG imports

Argentina bets on Bolivian gas as cheaper than LNG imports
Buenos Aires (Platts)--19Jul2012/101 pm EDT/1701 GMT

Argentina expects to save $227 million for the remainder of 2012 and next year by increasing Bolivian natural gas purchases to replace a portion of its liquefied natural gas imports, the Planning Ministry said.

The country inked a deal with Bolivia Wednesday to increase gas imports by pipeline by 20% to 16.3 million cubic meters/d in the second half of the year, up from 13.6 million cu m/d in first-half 2012.

Imports will increase another 18% to 19.2 million cu m/d in 2013, with the aim of reaching 27.7 million cu m/d in 2017.

The increase in Bolivian imports will save money due to the price difference between Bolivian gas and LNG, the ministry said in a statement released late Wednesday. It did not provide actual prices.

More:
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/NaturalGas/8539396

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