• 4 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 7 minutes Oil prices forecast
  • 11 minutes Algorithms Taking Over Oil Fields
  • 14 mintues NIGERIAN CRUDE OIL
  • 3 hours UK, Stay in EU, Says Tusk
  • 3 hours Nuclear Power Can Be Green – But At A Price
  • 3 mins Chevron to Boost Spend on Quick-Return Projects
  • 20 hours Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 8 hours Socialists want to exorcise the O&G demon by 2030
  • 4 hours U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China
  • 16 hours Venezuela continues to sink in misery
  • 10 hours What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 7 hours Maritime Act of 2020 and pending carbon tax effects
  • 1 day WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
  • 1 day How Is Greenland Dealing With Climate Change?
  • 10 hours German Carmakers Warning: Hard Brexit Would Be "Fatal"
  • 1 day Trump inclined to declare national emergency if talks continue to stall - Twitter hides this as "sensitive material"
  • 2 hours Regular Gas dropped to $2.21 per gallon today

BOLIVIA: LNG Investments Move Forward Despite Nationalization Risk

Bottom Line: Despite the risk of falling victim to Bolivia’s resource nationalism trend, two Spanish companies— Sener Ingeniería S.A. and Ros Roca Indox Cryo Energy S.L.—have signed on with state-owned oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) for investment in the $137 million construction and commissioning of a new liquefied natural gas (LNG) plant in Rio Grande, Santa Cruz. While Spain—which is a major player in Latin America—may be able to survive the political risk overall, investors should be aware that more nationalization plans are likely in the works and Bolivia remains below investment grade in Fitch ratings.

Analysis: The new LNG plant will have the capacity to liquefy 200 metric tons of gas a day. Conversion from a gaseous state to a liquid reduces volume by a factor of 600, permitting it to be transported more easily to remote areas, where Satellite Regasification Stations turn it back into standard natural gas for consumer use. The energy from the LNG plant will be distributed to 140,000 homes and 5,000 businesses in 26 municipalities across six departments. YPFB President Carlos Villegas said the first phase of construction would begin in October 2014.

The nationalization of strategic industries, along with changes to contracts and royalty schemes for oil and gas companies, have worked to significantly boost state revenues but have also led to declining interest by potential…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin



Oilprice - The No. 1 Source for Oil & Energy News