Arrival of the Natural Gas Market in Brazil Could Be a Threat to the Bolivian Gas Industry, According to Expert

Written by Valdemar Medeiros

Published on 18/10/2020 at 11:01

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Brazil Must Be the Center of the New Demand Activity for Liquefied Natural Gas (LNG) in Latin America, at Least in the Next Decade, According to Experts Who Spoke at a Webinar Last Week Organized by the Institute of the Americas.

Recently, the approval by the Chamber of Deputies of Bill No. 6.407/2013, which addresses the new legal framework for the natural gas sector, was a significant advance that can provide new dynamism in the country. It is important that a new legal framework is approved as soon as possible, as it depends on a new cycle of investments in the sector, both on the supply and demand sides of natural gas.

Expansion of the Natural Gas Market Requires Investment in Demand, Highlights BNDES

Natural gas is one of the topics that make up BNDES’s (National Bank for Economic and Social Development) strategic agenda. The bank seeks to act as a catalyst for the development of this market through constant dialogue with government and private agents, as well as in structuring actions that enable the implementation of long-term projects.

The BNDES Gas for Development Report, which the Bank launched in May 2020, is part of this agenda and points to a perspective of investments, value generation, wealth, and jobs in Brazil.

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Brazilian Natural Gas Can Be a Threat to the Bolivian Market

“The opening of the gas market in Brazil can be seen as a threat to Bolivia if Bolivia does nothing and allows gas from Asia, gas from Africa through LNG, and even from the pre-salt itself to take this market,” he says.

“Bolivia has to do its homework in the coming years. Changing institutions and modifying legislation in the country. Opening opportunities for foreign or national private investments. And having an open and honest dialogue with Brazil to see what the future holds and how it can act in the short and long term,” he affirms.

Arrival of the Natural Gas Market in Brazil Could Be a Threat to the Bolivian Gas Industry, According to Expert

Brazil Must Be the Center of the New Demand Activity for Liquefied Natural Gas (LNG) in Latin America, at Least in the Next Decade, According to Experts Who Spoke at a Webinar Last Week Organized by the Institute of the Americas.

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Brazilian Natural Gas Can Be a Threat to the Bolivian Market

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Arrival of the Natural Gas Market in Brazil Could Be a Threat to the Bolivian Gas Industry, According to Expert

Brazil Must Be the Center of the New Demand Activity for Liquefied Natural Gas (LNG) in Latin America, at Least in the Next Decade, According to Experts Who Spoke at a Webinar Last Week Organized by the Institute of the Americas.

Read Also

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Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Brazilian Natural Gas Can Be a Threat to the Bolivian Market

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With an investment of R$ 612 million, a capacity to process 1.2 million liters of milk per day, Piracanjuba inaugurates a mega cheese factory that increases national production, reduces dependence on imports, and repositions Brazil on the global dairy map.

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With 22 thousand tons of steel, a height nearly three times greater than the Eiffel Tower, and a cost of R$ 1.6 billion, China is building the highest bridge on the planet over a colossal canyon, reducing a crossing time of over 2 hours to just over 2 minutes.

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