Publications

YPFB (Bolivia) renews gas supply deal with Petrobras (Brazil) to 2026

11 Mar 2020

Bolivian national oil and gas company YPFB has renewed a gas supply contract with Brazil's state-owned oil and gas group Petrobras. As part of the deal, YPFB will supply Brazil between 14 and 20 mcm/d of gas until 2026. Under the previous contract, Bolivia was exporting to Brazil between 24 and 30 mcm/d. The agreement is the eighth extension of a previous contract signed in 1999. It expired at the end of 2019 but was extended for 3 months due to political turmoil in Bolivia. According to the Bolivian government, the new contract will generate US$4-6bn in export revenue for the country.

In January 2020, the Brazilian Ministry of Energy allowed YPFB to use the Gasbol gas pipeline connecting Bolivia and Brazil to sell gas to companies in Brazil, in an attempt to foster competition on the gas market and to reduce prices.​ YPFB will deliver 1.2 mcm/d (around 440 mcm/year) of gas to the state of Mato Grosso do Sul in 2020, with gas export volumes rising to 2.6 mcm/d (around 950 mcm/year) in 2021 and 3.6 mcm/d (1.3 bcm/year) as of 2022. Petrobras was the sole user of the 3,150 km pipeline until the expiration of the previous gas supply contract at the end of 2019.

Register to receive our daily newsletter


Interested in Global Energy Research?

Enerdata's premium online information service provides up-to-date market reports on 110+ countries. The reports include valuable market data and analysis as well as a daily newsfeed, curated by our energy analysts, on the oil, gas, coal and power markets.

This user-friendly tool gives you the essentials about the domestic markets of your concern, including market structure, organisation, actors, projects and business perspectives.