Bolivia bills more than $3,027 million for gas sales to Brazil and Argentina between January and November of this year

This YPFB release was published using machine translation.

Santa Cruz, Dec 10, 2022 (AN-YPFB).- The export of Bolivian natural gas to the Brazilian and Argentine markets allowed Yacimientos Petrolíferos Fiscales Bolivianos to invoice a value of around $3,027 million between January and November of this year, resources that contribute to oil income for the benefit of governments, municipalities and the public university system, institutions that develop coverage programs and projects in health, education, housing, employment and productive diversification, in addition to the General State Treasury and YPFB.

“This value represents an approximate increase of 49% in relation to the amount recorded in the same period of 2021 for the commercialization of natural gas delivered to both markets. We ratify our commitment to contribute to the economic reactivation, to improve the quality of life of Bolivian families”, said the president of YPFB, Armin Dorgathen Tapia.

Additionally, during the present management, interruptible contracts have been signed, whose characteristic is the commercialization of available volumes, after covering the internal market and the main firm commitments. "This commercialization generated additional income," added the authority.

The context of change in regulations in Brazil allows the management of better price expectations for the molecule in interruptible export contracts such as those reached to date with CDGN (MDC), DELTA GERACAO (thermoelectric company in Brazil), DELTA COMERCIALIZADORA, TRADENER , AMBER and MTGAS and, soon, COMPASS, UNIGEL and NFE.

MARKETING TO BRAZIL

Between January and November, an average volume of 16.88 million cubic meters per day (MMmcd) was dispatched to the Federative Republic of Brazil, under the contractual conditions in force with Petrobras and other markets with the neighboring country. This volume allowed us to bill just over $1,432 million in the aforementioned period, a value that represents an increase of around 23% compared to the value registered between January and November 2021. Between May and November, the thermoelectric system was activated for the supply of electricity in the neighboring country, due to the period of less rainfall.

SALES TO ARGENTINA

YPFB sold an average of 10.80 MMmcd of natural gas to the Argentine market between January and November, a volume that allowed it to reach an income of more than $us 1,595 million under the contract with the company Integración Energética Argentina (IEASA).

The Argentine market reported an increase as a result of the sixth addendum to the natural gas purchase and sale contract. The achievement of the negotiations for higher volumes demanded translated into a greater benefit for YPFB, due to the fact that a better valuation was obtained for the molecule.

INTERNAL MARKET

In the period between January and November 2022, consumption in the domestic market reached an average of 12.70 MMmcd, which made it possible to cover the demand of the thermal generation sectors for electrical, residential, commercial, industrial, vehicular transport systems. , direct consumers and others. The average volume made it possible to invoice around $us 169.90 million.