Argentina, Bolivia to change gas export terms

BUENOS AIRES, May 16, 2018 – Argentinian President Mauricio Macri has asked the Bolivian government to modify the take-or-pay clause of a gas supply agreement to lower the volume of gas Bolivia would send to Argentina during summer months, local media reported Tuesday.

In exchange, Argentina has offered to pay more for increased gas supplies during winter.

Under the current gas sale and purchase agreement, Yacimientos Petrolíferos Fiscales Bolivianos must send 20.9 mcm-24.6 mcm (738 mcf-869 mcf) per day to Argentina during the winter months of May through September 2018. From October 2018 through April 2019, the Bolivian NOC must export 17.2 mcm-24.6 mcm (607 mcf-869 mcf) per day.

Argentina currently pays USD 5.80 per million Btu of gas, a price which is adjusted quarterly according to petroleum product prices.

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