Drought Leads Brazil to Increase Bolivian Gas Imports to Maximum Capacity

    Gas from Bolivia

    Gas from Bolivia Persistent drought in the South is forcing Brazil to increase the amount of natural gas it will import from Bolivia later this month to bring on stream several thermoelectric power plants that had been inactive, according to Brazilian government controlled gas and oil multinational Petrobras.

    According to Petrobras' director of gas and energy, Graça Foster, Brazilian imports of Bolivian gas once again will climb to 30 million cubic meters per day – the maximum capacity of the gas pipeline linking the two countries – in approximately two weeks.

    At present, due to lower demand resulting from the global economic crisis and because heavy rainfall had allowed Brazil to produce more hydroelectricity, Brazilian imports of Bolivian gas have fallen to 24 million cubic meters per day.

    Petrobras initially had reduced imports to close to 19 million cubic meters per day, but the two countries subsequently reached an agreement to raise the volume of the shipments to avoid excessive economic harm to Bolivia.

    The impoverished, landlocked nation in recent months also has been forced to lower the price of its gas exports, its main source of foreign currency.

    According to Foster, because heavy rains in the first few months of the year allowed hydroelectric plants in the southern part of the country to operate at full capacity, plants producing more expensive thermoelectricity were temporarily shut down.

    But a recent drought has lowered water levels at hydroelectric dams, making it necessary for Brazil to compensate by raising thermoelectric output to about 2,200 megawatts beginning next week.

    To do so, the country will need an additional 14 million cubic meters of natural gas per day, part of which will come from Bolivia and another portion from increased gas production in the offshore Campos Basin.

    Foster added that, in the event more gas is needed, Petrobras has the option of increasing imports of liquefied natural gas now that it has brought online two LNG processing plants in recent months.

    Mercopress

    Tags:

    • Show Comments (0)

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Show Me One Pro-American Brazilian. Only one!

    The entire mainstream Brazilian media, without exception, is anti-American, anti-Bush, and anti-Israel, including those ...

    Bolivian president Evo Morales

    Oil: Brazil Wants US$ 200 Million from Bolivia and Threatens Going to Court

    Bolivia's government-owned energy company YPFB took control on Wednesday, May 02, of the country's ...

    French gets dethroned

    After being for generations the second language de rigueur for well-bred Brazilians, French has ...

    Electricity for All by 2008 is Doable, Says Brazil

    The goal of making electric energy available by 2008 to 12 million Brazilians who ...

    Brazil Wants a Mercosur that Is a Common Market

    At the 28th Mercosur Summit, which is taking place on Sunday and Monday in ...

    Two More Weeks Before Brazilian Amazon Port Is Back in Operation

    The level of the Solimões River in Tabatinga, state of Amazonas, on the Brazilian ...

    Brazil’s Ecotourism Is The Main Drawing Card for Arab Visitors

    The sun and beautiful Brazilian beaches are not the main destinations in the country ...

    Brazil: Lula’s Words Alone Won’t Do

    Brazil’s pension reform seems in jeopardy. By showing weakness against the judiciary, the Lula ...

    Brazilian economy

    Latest Forecast for Brazil Growth this Year: 0.52%

    The projection of financial institutions for growth of Brazil’s Gross Domestic Product (GDP) has ...

    Brazil Embraer's E-Jet 190

    Lufthansa and Japan Airlines Buy US$ 3 Billion Worth of Brazilian Planes

    Brazil's Embraer, the world's third largest commercial aircraft manufacturer, has just won 10 new ...