WoodMac: Bolivian gas lags pipeline demand

Bolivia's proven plus probable reserves as of Jan. 1, 1997 [138,961 bytes] Although a new gas pipeline from Bolivia to Brazil is due to deliver first gas early in 1999, Bolivia does not have sufficient gas reserves to meet expected demand in Brazil. This is the view of Wood Mackenzie Consultants Ltd., Edinburgh, which says the Bolivia-Brazil pipeline project has a reserves shortfall of 2.3 tcf of gas. "This leaves the door open," said Wood Mackenzie, "for E&P companies active in Bolivia to pursue aggressively exploration opportunities to supply the shortfall. In addition, there is potential for Argentine producers to supply the shortfall if Bolivian discoveries are not ma...

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