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

Usina de Gás natural

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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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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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The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

A German architect built a cylindrical house in 1994 that rotates to follow the sun throughout the day, generates 5 times more energy than it consumes, and was the world’s first energy-positive house.

A company that drilled for oil has drilled 4.8 kilometers of rock in Utah and found a never-ending heat of 290 degrees — now it is building the world’s first next-generation commercial geothermal power plant, with 100 MW connected to the grid in June 2026.

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