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Article

28 Jun 2019

Author:
Prensa Latina (Cuba)

Peru and Bolivia: State hydrocarbons companies Petroperu and YPFB praise new energy integration agreements

“Great Impact of Agreements of Peru-Bolivia Energy Summit”, 26th June 2019

…The Peru-Bolivia energy integration agreements, signed at an integrationist summit, which include the supply of gas at lower prices to Peruvian populations, have received positive comments in Lima…The former president of the state-owned hydrocarbons company (Petroperu), Humberto Campodonico, praised the agreements signed on Tuesday at the ministerial meeting headed by the Presidents of Bolivia, Evo Morales, and Peru, Martin Vizcarra. Campodonico commented that these agreements foster energy integration and would allow the supply of gas for domestic use smaller than those applied in Peru private distributors and much smaller than those in territories near Bolivia. One of the agreements opens the southern Peruvian market for the sale of bottled liquefied gas and another the option for the Bolivian state company Yacimientos Petroliferos Fiscales (YPFB) to build and operate a home gas network. Another agreement states 'the firm commitment to boost the interconnection' of the projected South Peruvian Gas Pipeline with the Bolivian one, which, as Campodonico says, complete each other to the same extent as the neighboring country's objective of exporting gas to overseas markets…The Presidents also agreed to join forces so that the competent institutions of each country can carry out actions that allow access to the service of the rural border populations, to the supply of electricity, in a sustainable manner.