Page Seven / La Paz
Bolivia will only send 7.5 million cubic meters of natural gas to Argentina during the next two months, according to sources who participated in the meeting to define the new addendum to the contract with that market.
At the request of the Bolivian Fiscal Oilfields (YPFB), until yesterday the negotiation had been extended for the signing of the sixth addendum to the natural gas purchase-sale contract that was to be defined in 2021 with Integración Energética Argentina (IEASA).
It was learned that at the meeting YPFB undertook to guarantee 7.5 MMmcd in an agreement for two months and the price will be maintained.
Only two months were negotiated while waiting for two Repsol wells to enter production, which is accelerating the work for their development and thus guaranteeing a little more gas volumes for Argentina for winter from April.
The Boicobo Sur-X1 well, which meant a discovery of around one trillion cubic feet (TCF) of gas, is expected to enter the production stage in June this year, while Margarita X-10 will contribute additional volumes from July. .
As of October 22, 2021, the volumes shipped by Bolivia were below the contract. Even on October 23, only 5.7 MMmcd were injected and 6.8 MMmcd on October 27.
The fifth addendum established a minimum delivery of eight MMmcd from October to December 2021.
On November 5, YPFB, in a statement, admitted lower shipments due to some inconveniences in reaching the promised levels, due to an operational failure in one of the wells in the Margarita field, the MGR-X3ST, which is one of the highest productivity in the country. In Argentina they expected to negotiate the sixth addendum on a base offer of 12 MMmcd.
YPFB did not give details of the agreement.
