PRESS RELEASE

Bolivia and Peru advance in the process of energy integration

By
Thursday, January 10, 2019

This Thursday in the city of Santa Cruz de la Sierra the ministers of Hydrocarbons of Bolivia, Luis Alberto Sánchez, and of Energy and Mines of the Republic of Peru, Francisco Ísmodes Mezzano, met with the purpose of strengthening bilateral energy cooperation and integration . Ministers exchanged information and experiences on the LPG marketing chain, as well as exploration in basins and areas of mutual interest, regulatory experiences, and good practices developed in the field of hydrocarbons.

Minister Sánchez, during the press conference after the meeting, said that both countries began to work on the binational energy agenda, within the framework of "the binational agenda led by our president Evo Morales and the president of Peru Martin Vizcarra. We are working to set up a large storage plant to import gasoline, diesel and crude oil and build an oil pipeline to the city of La Paz, and from there to the refineries. also the visualization of another important project to put a liquefaction plant to export volumes of gas through the port of Ilo ".

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At the time, the Peruvian minister said: "Our sister countries have a common goal, that natural resources can benefit the population, in this sense, the one that is being advanced with a massification project, we will be demanding this project soon. massification of gas in the south of the country that includes seven regions ".

Sanchez said the negotiations include the opportunity to create a partnership between YPFB and Petro-Peru to market LPG in regions very close to the border of both countries. "We are participating in a tender for the massification of gas networks in seven regions, hopefully we can win this tender and be able to do everything we have learned." Currently, 50% of Bolivians have gas and we want to transmit all that "know how" that we have acquired. "

Sanchez pointed out that another of the important issues on which progress will be made is the "great Madre de Dios project", which is currently under development in Peru with a great potential for resources, mainly gas. "We have invested nearly $ us170 million in recent seismic years, in the areas of Nueva Esperanza in the Beni River, which is the Madre de Dios Basin."

At the end of the event, both ministers agreed to hold a next meeting in the first half of February, in the city of Lima, in order to receive information on the progress of the joint working group and determine that each country adopts the decisions that they deem necessary to advance in the energetic integration.

"The visit of Minister Ísmodes is very important for the brotherhood, for the synergies in energy integration, and also for the possibility that Bolivia can expand the supply of gas, LPG and urea to a brother country like Peru. investments in the Peruvian side for the petroleum logistics that we are going to import and some fuels, "Sánchez said.

This release from Bolivia's Ministry of Hydrocarbons was published using an automatic translation system.

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The ministers of Energy and Mines of the Republic of Peru, Francisco Ísmodes Mezzano and Hydrocarbons of the Plurinational State of Bolivia, Luis Alberto Sánchez, met today in Santa Cruz de la Sierra, Bolivia, within the framework of the "Inter-institutional Cooperation Agreement in the Hydrocarbons Sector ", signed on September 3, 2018, as well as the commitments assumed in the Cobija Action Plan on energy integration between both countries.

With the aim of strengthening bilateral energy cooperation and integration for the benefit especially of the border populations of both countries, the ministers exchanged information and experiences on the LPG marketing chain, modalities, actors, and other related aspects, as well as on exploration in watersheds and areas of mutual interest, and on normative experiences, and good practices developed in the field of hydrocarbons.

In order to comply with the binational agreements on energy integration adopted at the IV Meeting of the Binational Cabinet, held in Cobija, Bolivia, both ministers established the joint working group, which will begin its functions on the date, with the mandate to give priority to examine the possibilities and requirements for the export of natural gas and LPG to the localities of southern Peru, which includes the construction of home networks, as well as the construction of a pipeline from Bolivian territory to the port of Ilo, within the framework of Peruvian regulations in force.

They also agreed to hold a next meeting at the level of vice ministers on February 11 in the city of Lima, in order to receive information on the progress of the joint working group and determine that each country adopts the decisions it deems necessary for advance in energy integration.

The Minister of Energy and Mines of Peru, Francisco Ísmodes, thanked for the hospitality provided by the Minister of Hydrocarbons of Bolivia, Luis Alberto Sánchez, for the realization of this meeting.

This release from Peru's Ministry of Energy and Mines was published using an automatic translation system.