YPFB wants to focus its efforts on meeting the increase in demand in Brazil through its GSA contract with Petrobras
The state -owned Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) reported this Sunday that it will concentrate its efforts to sell natural gas in the Brazilian market “without neglecting” its current contractual commitments with Argentina.
“The determination to focus on the Brazilian market allows YPFB to focus its efforts on meeting the firm demand of the GSA contract with Petrobras until its completion in approximately two years,” said the president of the Bolivian oil company, Armin Dorgathen , quoted in a statement. press release of the state firm.
This will also allow it to “diversify its client portfolio in Brazil with a long-term view, seeking to maximize the value of the exported natural gas molecule,” he added.
The executive highlighted that the opening to “new players” in the Brazilian energy market made YPFB decide “to focus its future efforts on commercial development in the field of natural gas in that country.”
“This does not mean that the commitments previously assumed with the Argentine market will be breached,” he said.
Dorgathen stressed that the expectations of growth in the use of natural gas in Brazil “are very relevant and make it possible to guarantee a market for the current Bolivian exportable volumes” and others that will be generated in the future.
The president of YPFB assured that the priority is to supply the internal market, which, according to what he said, is guaranteed.
In addition, natural gas was Bolivia’s main export product and the mainstay of the Bolivian economy in the last two decades, with its main markets in Argentina and Brazil.
In recent years, there has been a decrease in the production and income from the sale of hydrocarbons due to fluctuations in prices in foreign markets.
Source: El Periodi Codela Energia