The second International Forum on Gas, Petrochemicals and Green Fuels 2019 has come to a close in Santa Cruz de la Sierra, Bolivia. Gazprom EP International has become a sponsor of the Forum organized by the Ministry of Hydrocarbons of Bolivia, YPFB and the Bolivian Chamber of Hydrocarbons & Energy (CBHE).
A significant event in the region, the Forum has gathered the major players of the global petroleum market involved in exploration, production, and field development projects in Latin America, as well as representatives of international organizations, industry analysts, experts, and journalists. The keynote of the event was the discussion on the liberalization of the Brazilian gas market, as well as the search for new, promising markets for Bolivian gas.
Andrey Nikonov, General Manager of the Branch Office in Bolivia, represented Gazprom EP International at the Forum: on the sidelines of the Forum he held a meeting with Wilson Zelaya, General Manager of YPFB Transporte S.A., where the sides discussed the development of the gas transport system and the prospects for a pipeline construction in Peru in particular.
The busy schedule of the Forum allowed the participants to exchange views, outline the ways to apply international companies’ best practices to the needs of the Bolivian petroleum industry, discuss efficient mechanisms and tools for elaborating comprehensive solutions for hydrocarbons production and LNG technologies, as well as focus on green energy issues.
Bolivia is the third largest hydrocarbon producer in Latin America. Annually, it produces over 20 billion cubic meters of natural gas. Most of the produced resources are exported to Brazil and Argentina. Estimated proven natural gas reserves are up to 11 trillion cubic feet (more than 300 billion cubic meters).
Gazprom`s interests in the Bolivian projects are represented by Gazprom EP International B.V. — a Gazprom operator for implementation of overseas projects for prospecting, exploration and development of hydrocarbon fields. The representative office of the company operates in Santa Cruz de la Sierra.
In partnership with Total S.A. (50%, project operator), Tecpetrol S.A. (20%) and YPFB (10%), Gazprom participates in the development of the Ipati and Aquio oil and gas blocks, where Incahuasi field has been discovered. In addition, Total (50%) and Gazprom (50%) jointly implement the Azero block exploration project.
In 2017, Gazprom International and the Bolivian petroleum corporation Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) signed a Memorandum of Intent regarding transition to commercial negotiations on the La Ceiba and Vitiacua blocks located in Southern Bolivia. In 2018, Gazprom and YPFB signed Strategic Partnership Agreement, and Gazprom EP International and the Bolivian YPFB inked Heads of Agreement for Petroleum Service Contract for Exploration and Production in the Vitiacua area.