Argentina, Bolivia sign natural gas accord

Oct. 20, 2006
Argentine President Nestor Kirchner and Bolivia President Evo Morales on Oct. 19 signed a natural gas accord calling for $1 billion worth of investments to increase the flow of Bolivian gas into Argentina.

By OGJ editors
HOUSTON, Oct. 20 -- Argentine President Nestor Kirchner and Bolivia President Evo Morales on Oct. 19 signed a natural gas accord calling for $1 billion worth of investments to increase the flow of Bolivian gas into Argentina.

The 20-year accord signed in Santa Cruz, Bolivia, calls for Argentina to receive 27.7 million cu m/day of Bolivian gas by 2010.

Argentina already held contracts to import 7.7 million cu m/day, although current shipments average 4.5 million cu m/day, said Bolivia's state-owned Yacimientos Petroliferos Fiscales Bolivianos.