Brazil Warns Bolivia: Raise Gas Too Much and We Will Stop Buying It

The Brazilian minister of Foreign Relations, Celso Amorim, stated today, May 5, that Brazil may stop importing Bolivian natural gas if the price of the product is raised excessively, in consequence of the country’s decision to nationalize petroleum and natural gas resources.

"I have no idea of the percentages. I believe that this is not up to us (in the Ministry of Foreign Relations). The definition is up to Petrobras and the Ministry of Mines and Energy. The problem right now is that, if prices are increased excessively, Bolivian gas will become an impossibility," according to Amorim.

"The only reason this gas is sold in Brazil is that the price is competitive with fuel oil, bottled gas, and other energy sources. The matter of prices has to do with this."

At Thursday’s, May 4, meeting in Puerto Iguazú, where Brazil’s president Luiz Inácio da Silva met with the presidents of Bolivia, Evo Morales, Argentina, Nestor Kirchner, and Venezuela, Hugo Chavez, the supply of gas to Brazil was guaranteed. The decision regarding prices was left for next week.

Two days ago, in an interview with the Bolivian Information Agency (ABI), Morales stated that the price of exported gas had to be raised.

"Yes, Brazil and Argentina must pay more for the gas they buy. According to the agreement, the prices should have been readjusted in 2004. I am sorry that the governments didn’t take care of this then," the Bolivian president commented.

Agência Brasil

Tags:

You May Also Like

20% of the 48,000 Brazilians Murdered Every Year Are Killed by the Police

The police of Brazil are responsible for a significant proportion of the 48,000 murders ...

Valentine’s or Brazil’s Sweethearts Day Just a Way to Make a Buck

Valentine’s Day (February 14th) has arrived once again, but aside from it being pointless ...

Brazilian Ballet Shoe Maker Dancing on Foreign Floors

Capezio, a traditional Brazilian maker of ballet shoes, shoes, gym and dance clothes and ...

Brazilian Company Brings Intelligent Showers, Bathtubs and Locks to Miami

Brazil's I-House, The Innovative House, a manufacturer of high technology equipment for households based ...

IMF: Brazil and Latin America’s Outlook and Challenges

Global growth reached a three decade high in 2004. Growth is projected to slow ...

Corruption Yes, Vote Buying No, Say Brazil’s Government Allies

Congressmen who belong to Brazilian political parties allied with the government who are members ...

US Market Rises. Brazil Follows the Leader.

Latin American markets rose alongside U.S. market strength. Receding crude oil prices helped boost ...

Brazil Closer to Legalizing Abortion Up to 22nd Week of Pregnancy

A commission created in April to debate changes in the country’s abortion legislation decided ...

Brazilian Coach Joins US Academy Soccer Club

Florida-based Schulz Academy soccer club announced yesterday the launch of an additional training program ...

Brazil Wants New IMF Head from Emerging Country

Celso Amorim, Brazil’s former Foreign minister Celso Amorim says that the next IMF Managing ...

WordPress database error: [Table './brazzil3_live/wp_wfHits' is marked as crashed and last (automatic?) repair failed]
SHOW FULL COLUMNS FROM `wp_wfHits`