• Categories
  • Archives

Brazil Only Wants Bolivian Gas If It Is Cheap Enough

In testimony before the Brazilian Senate Foreign Relations and National Defense Commission, Brazil’s Minister of Mines and Energy, Silas Rondeau, declared that "Bolivian gas is important to Brazil as long as it has a good price."

Rondeau pointed out that Brazil and Bolivia have a relationship of interdependence with regard to natural gas. He recalled that before the Bolivia-Brazil gas pipeline, exploration in Bolivia was at a standstill and production was low.

"Nobody was investing in natural gas because there was no market," he said.

The Minister went on to explain that at the moment 9.3% of the energy used in Brazil is natural gas [50% of it is coming from Bolivia].

"The importation of natural gas from Bolivia is important because it has permitted us to diversify our energy sources. It also generates revenues of US$ 1.4 billion annually for Bolivia."

Rondeau also said that any discussions on Bolivian natural gas price increases should occur within the terms of existing contracts and obey corporate logic.

Meanwhile, the president of Petrobras, Sergio Gabrielli, who also participated in the hearings, told the commission that the contract the firm has with the Bolivian state-run Yacimientos Petroliferos Fiscales Bolivianos (YPFB), is an international document that a US arbitration court in New York has jurisdiction over.

"Our business relationship with Bolivia is based on international rules of law," said Gabrielli. "And during the recent talks we had with Bolivian authorities in La Paz, they recognized this fact."

Agência Brasil

Tags:

  • Show Comments (2)

  • Guest

    Strange !
    No Brazilian comments on the last post !

  • Guest

    Then….
    the EU should do the same for your agriculture we are buying.
    What about a 50 % discount from the free Internationl market prices ?

    At least….that would be fair….using the Brazilian way of thinking !

    Deal done ?

Your email address will not be published.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

Brazilians Caught in Madoff’s Ponzi Scheme Are Keeping Mum

Wealthy Latin Americans, among them Brazilians, are among the biggest victims of an alleged ...

Brazil Takes the Lead on Wind Energy in Latin America

The largest wind energy park in Brazil and one of the greatest in the ...

Brazil’s Agriculture Minister Resigns. Landless Won’t Miss Him.

Brazilian Minister of Agriculture, Roberto Rodrigues, announced that he is leaving the government. At ...

Brazil and IMF Discuss How to Grow with Fiscal Responsibility

The International Monetary Fund mission that is discussing a pilot project which would permit ...

Brazil Reiterates It Will Reach Oil Self-Sufficiency in 2005

Petrobras – Petróleo Brasileiro S.A. – reports that although it will not reach its ...

Brazilian Ambassador to US Expecting Doha Round Accord for Very Soon

Brazil's ambassador to the United States, Antonio Patriota, says that world trade talks are ...

The author's boat, the Roamdeep

Brazil Won’t Let My Boat Out, the US Won’t Let My Brazilian Wife In

I received my visa (#A 1416275) to Brazil in Trinidad on October 6, 2002. ...

In Copenhagen Brazil Praises Own Plan and Calls US’s and EU’s Proposal a Scandal

Brazilian minister Dilma Rousseff, the Lula administration's chief of staff and would-be candidate in ...

The Washington Consensus Didn’t Make Brazil and LatAm Wealthier

A comprehensive review of the impact of foreign investment liberalization in Latin America shows ...

Brazil Has High Hopes for Mercosur-Arab Accord

The creation of a free trade agreement between the Mercosur, customs union of the ...