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Gazprom and Bolivian Energy Ministry highlight successes of energy partnership

Also discussed the cooperation prospects with regard to natural gas as a vehicle fuel and small-scale LNG

A working meeting between Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Luis Alberto Sanchez, Minister of Hydrocarbons and Energy of Bolivia, took place today at the 7th St. Petersburg International Gas Forum.

The meeting highlighted the successes of the bilateral partnership in the energy sector. It was noted that the parties continued to actively develop the Incahuasi field. With the drilling locations determined for prospecting wells at the Azero licensed block, preparations are underway for their construction.

The parties also discussed the cooperation prospects with regard to natural gas as a vehicle fuel and small-scale LNG. It was stressed that efforts were being made to prepare the Agreement for creating a joint venture focused on projects in the aforementioned fields.

Also today, Gazprom EP International B.V., Gazprom Marketing & Trading Ltd., the Bolivian Ministry of Hydrocarbons and Energy, and Yacimientos Petroliferos Fiscales Bolivianos signed a Memorandum of Understanding.

The document reflects the parties’ intention to set up a joint venture for gas marketing in Argentina and Brazil.

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