Bolivia to Expand Daily Gas Production by 33% Until 2020
The discovery of new gas fields was announced jointly by the Spanish company Repsol and the
Bolivian state-owned oil and gas company YPFB this February, which increased the country’s gas
reserves by 40 percent.
“The total gas production now is approximately 60 million cubic meters per day. By 2020, through
putting important projects into operation aimed at preventing a drop of gas fields reserves and
guaranteeing supplies to domestic and foreign markets, the production is expected to grow for more
than 20 million cubic meters,” Sanchez said as quoted by ABI News Agency.
As of 2013, Bolivia’s gas reserves were estimated at about 302 billion cubic meters. According to the
Repsol Bolivia President Diego Diaz, gas deposits on the Caipipendi block are assessed as additional
115 billion cubic meters.
Russian gas giant Gazprom also expressed interest in work in Bolivia. During the St. Petersburg
International Economic Forum (SPIEF) in June, Gazprom, Bolivian Ministry of Hydrocarbons and
Energy and YPFB signed a road map on the implementation of projects in the country, in particular,
exploration, production and transportation of hydrocarbons, as well as the use of the liquefied
natural gas (LNG).