Brazil Will Keep on Buying Bolivian Gas If the Price Is Right, Says Lula

    Brazilian President Luiz Inácio Lula da Silva stated Monday, May 15, that Brazil will seek to become self-sufficient in natural gas production and will continue to buy Bolivian gas, "provided that Bolivian gas remains convenient for the Brazilian people in terms of price."

    "Brazil has the capacity, so we will strive to make Brazil self-sufficient. This does not imply that we will not continue to import gas from Bolivia," he affirmed in his weekly radio program, "Breakfast with the President."

    In the president’s view, the Bolivian decision to nationalize the country’s gas reserves sparked controversy and "erroneous interpretations."

    Lula and the President of Bolivia, Evo Morales, met last week in Austria at the European Union-Latin American-Caribbean Summit. Two days before their encounter, Morales alleged that Petrobras had acted illegally in his country.

    "I told president Evo Morales that we recognize that Bolivia is the owner of its gas and that they, the Bolivians, recognize that Brazil is the biggest consumer. We are two countries that need to be at peace, we need to be serene, and, when we make the required adjustments in our agreements, we need to bear in mind, first, the existing contract, and, second, a price that is fair to the Bolivians and, at the same time, fair for the Brazilians who consume the gas," he remarked.



    • Show Comments (1)

    • Guest

      Does the International market price is fair ?
      If yes, then you have to pay at least double your actual Bolivian gas.
      If it is not fair, then you may as well sell your agriculture at 50 % the international market prices.
      Do you agree ?
      If Bolivian gas is partially due to to Petrobras investmments, then the EU and the USA may say exactly the same for everxthing you are exporting, such as your agriculture, cars (no Brazilian carmaker) just to name a few !
      Were these investments not done by foreign car makers and foreign agribusinesses such as Bunge, Cargill, Archer Daniels, etc etc ????

      Lula, you cant be right both ways !

    Your email address will not be published.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.


    You May Also Like

    Presidents Lula and Chavez

    Chavez Asks Brazilian Lula to Tell Obama to Stop US Lies and Cynicism

    Hugo Chavez, the Venezuelan president, said he has authorized Brazil's leader to raise the ...

    Petrobras workers shake hand of Brazilian president Lula

    After Three Months of Decline Brazil’s Petrobras Grows Again

    Average production of oil and natural gas by Brazilian state-controlled oil company Petrobras in ...

    In Dramatic Shift, Brazil’s 80% in Favor of a Gun Ban Shrinks to 41%

    With two final polls showing voters’ decisive tendency to vote against the ban of ...

    Americans in Brazil, Come November You Have the Right to Vote!

    While the US general elections only happen on November 7, it’s time for the ...

    Condition of Number 1 Poultry Exporter Keeps Brazil on Edge on Bird Flu

    Paulo Magalhães, a member of the Aerospace Medical Society (Sociedade Brasileira de Medicina Aeroespacial) ...

    Beer Makers in Brazil Busted for Half a Billion Tax Fraud

    The tax embezzlement scheme allegedly practiced by the Schincariol beverage company may have diverted ...

    Brazil Petrobras Blames Operational Problems For Lower Oil Production

    Brazil’s oil giant Petrobras’ average daily petroleum and natural gas production, domestically and abroad, ...

    Most of Brazil’s Volvo Buses Are Shipped Overseas

    Brazil’s Volvo has exported about 280 trucks to Saudi Arabia between January and July. ...

    Death of a Tragic Jumper

    "What saddens me most is the way we forgot João and so many other ...