INSUBCONTINENT EXCLUSIVE:
Petrobras is stepping up natural gas production in Bolivia, focusing on the demands of Brazilian industries for affordable fuel.During a
Petrobras aims to increase reserves substantially.Target areas in Tarija could yield an additional 4.88 trillion cubic feet of gas and over
Brazil.These efforts also support Brazilian industries critical to agriculture, such as fertilizer and petrochemical production, which have
suffered from high domestic gas costs.As Brazil relies heavily on imported fertilizers, securing a steady, cost-effective gas supply is
vital.Petrobras is not just planning; it is investing deeply
With $10 billion invested in Bolivia since 2002, the company is a major player in the regional energy market.It now controls four areas in
Bolivia and is eyeing further exploration in the San Telmo Norte region by 2025, pending environmental approval.This strategy does more than
just ensure a steady flow of gas
It strengthens the economic bond between Brazil and Bolivia, emphasizing shared growth and energy security.This partnership is crucial as
both nations navigate the complexities of global energy demands and environmental responsibilities.The efforts of Petrobras in Bolivia are a
testament to the power of international cooperation in energy strategy, ensuring stability and prosperity for both countries.
