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Gazprom mulls $2bn gas deal in Bolivia
CARACAS
Petroleumworld.com 12 14 07
The energy giant Gazprom is to close a $2bn gas investment in Bolivia, according to the sources familiar with the negotiations, The Financial Time reportedon Thursday."We are closing a deal with Gazprom in two sites for gas exploration. They are very interested. And we are very interested in them being our partners," Carlos Villegas, Bolivian hydrocarbons minister, told the Financial Times.
Sergei Kupriyanov, the Russian gas monopoly's spokesperson confirmed Gazprom's interest in Bolivia, however, he decline to comment on details the negotiation.
Also an official from the Bolivia's oil company YPFB, said the deal could be about $2bn (€1.4bn, £1bn) and was expected to be finalised in 2008, Ft reported.
Gazprom is negotiating at gas exploration, in Tarija, Bolivia's main gas producing region in the south of the country,and in Santa Cruz to the east and Chuquisaca in the south.
Bolivia gas reserves are second only to Venezuela in Latin America.
Petrobras of Brazil is the main gaz producer in Bolivia with Spain's Repsol-YPF, Total of France and BG of Britain have prominent gaz investments in the country.
Story from Petroleumworld 12 13 07
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