A PAZ, Bolivia Ñ Russia’s state-controlled natural gas company Gazprom is considering investing around US$2 billion (euro1.56 billion) in Bolivia’s recently nationalized gas industry, the president of Bolivia’s state energy company Wednesday.

Gazprom is looking to build gas separation plants and pipelines to help export liquefied natural gas as well as explore for gas in new and abandoned fields, said Jorge Alvarado, president of Yacimientos Petroliferos Fiscales Bolivianos, or YPFB.

“We want … to find hydrocarbons at a greater depth in the fields that are now abandoned,” Alvarado told reporters.

In a few weeks, Gazprom experts will visit Bolivian again to do further investigation and another team will come later to finalize the contract details, Alvarado said.

“In Russia we have the longest pipeline in the world which allows us to supply three neighboring eastern European countries and this experience and length of experience can be applied to Bolivian interests,” said Vladimir Kulikov, Russia’s ambassador to Bolivia at the news conference.
chron.com

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