INSUBCONTINENT EXCLUSIVE:
On July 9, Brazil and Bolivia began interconnecting their energy grids and optimizing the Jirau Hydroelectric Plant, a key step in regional
energy cooperation.These agreements are designed to bolster energy efficiency and sustainability across both nations, tapping into the vast
South America, such as the Brazil-Paraguay Itaipu Dam pact and the Brazil-Bolivia gas pipeline ventures.BackgroundIn addition, Brazilian
industrial agents are advancing negotiations to directly import large volumes of natural gas from Bolivia, bypassing Petrobras.These deals
could boost supply and cut industrial gas costs by 30%
Petrobras, the primary importer, buys Bolivian gas at just over $6 per million Btu (MMBtu) at the border.The transportation tariff via
Previously, Petrobras sold this gas for about $12 per MMBtu to the Brazilian market.The industry aims to lower gas prices from $12 to $8,
