Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



Peru discusses importing natural gas through pipeline from Bolivia

LIMA (Reuters) - Energy ministers from Peru and Bolivia agreed to discuss building a pipeline that would transport natural gas and liquefied natural gas (LNG) from Bolivia to its neighbor.

Peru Bolivia

The pipeline would provide crucial access to the Pacific Ocean for land-locked Bolivia, running to Peru’s southern port of Ilo.

Bolivia had wanted to build a pipeline through Chile to reach the ocean and expand its gas exports, but the International Court of Justice ruled against Bolivia’s demand that Chile negotiate granting it sovereign access to the sea in October.

Bolivia is South America’s top natural gas exporter, but it is a net importer of oil, as is neighboring Peru.

Bolivia told Peru it would also like to build an oil pipeline to Peru and import gasoline, diesel and crude through Ilo.

Peru did not mention that an oil pipeline was under consideration.

“We’re interested in investing in Peru’s Ilo port. We’re working to build a large storage plant for imports of gasoline, diesel and crude,” Bolivian Energy and Mines Minister Luis Alberto Sanchez said in a statement following his meeting with counterpart Francisco Ismodes.

Talks between Peru and Bolivia also include the creation of a joint venture between Bolivian state energy company YPFB and its Peruvian counterpart, Petroperu, to commercialize LNG in border regions, Bolivia said.

Neither country gave a timeframe for implementing the projects discussed or the cost, but they said they would meet again in February.

Reporting By Marco Aquino; Additional reporting by Daniel Ramos in La Paz; Writing by Mitra Taj; Editing by Lisa Shumaker


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
As discussed in the HPI Market Data 2019 report, published in November by Gas Processing & LNG’s sister publication, Hydrocarbon Processing, rising propane and ethane supplies in the US have been enabled by greater production of shale gas.
Industry Trends: Norway targets global LNG market
-Eugene Gerden
Norway aims to become a leading player in the global LNG market during the next several years through the establishment of new, large-scale LNG terminals.
Regional Focus: Challenges of scaling up Africa’s LNG production
-Shem Oirere
Several gas projects are underway in Africa, but they continue to be constrained by inadequate infrastructure, slow finance mobilization, lack of security and uncertainty over hydrocarbon regulations that are casting doubt on the outcome of the continent’s drive to meet its anticipated 128% gas demand increase by 2040.


GasPro 2.0: A Webcast Symposium

Register Now

The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.

During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.

October 25, 2018 08:30 AM CDT

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2019 Gulf Publishing Holdings LLC.