Natural gas exports to Argentina, Brazil and the domestic market increased by 45 percent in 2022 compared to 2021, with revenues of more than 3.4 billion dollars, state-owned Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) reported today, Monday.
"The value for the export of the product to both markets shows an increase of 45 percent in relation to the amount recorded in 2021. A better valuation of our energy resource allowed the increase in the monetization of our gas," said the president of the state oil company, Armin Dorgathen.
The official highlighted in a company communiqué that the revenues from gas sales are distributed "for the benefit of governments, municipalities and the public university system, in addition to the General State Treasury and YPFB".
According to YPFB, an average volume of 16.79 million cubic meters per day (MMmcd) was shipped to Brazil in 2022, which allowed for a turnover of US$1,560.43 million in 2022, an increase of 22 percent over what was recorded between January and December 2021.
He added that the natural gas GSA (Gas Supply Agreement), signed with the state-owned Petróleo Brasileño S.A. (Petrobras), is the most important contract.
In the case of Argentina, YPFB sold an average of 10.80 MMmcd of natural gas, a volume that allowed it to achieve revenues of US$ 1,692.2 million under the contract with the state-owned company Integración Energética Argentina (IEASA).
Regarding the Bolivian domestic market, YPFB informed that during 2022, consumption reached an average of 12.68 MMmcd, which allowed it to bill 185.36 million dollars.