Bolivia Plans Construction Of A Gas Liquefaction Plant In Ilo, Peru

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A gas liquefaction plant is to be built very soon in the Peruvian port Ilo, informed the Bolivian Minister of Hydrocarbons, Luis Alberto Sánchez, on Saturday.

The objective of the construction of this plant in Ilo is to strengthen the sale of Liquefied Natural Gas (LNG) in the Peruvian market and mainly overseas markets,” said Sánchez to Mundo Martítimo.

The project includes a pipeline between Incahuasi and Cochabamba, Cochabamba and La Paz. “We are very close to having a pipeline of great proportions for the exports that will come from Ilo”, Sánchez explained, according to this media.

Bolivia expects to export hydrocarbons not only through conventional gas pipelines as it does to Brazil and Argentina, which are today’s Bolivia’s main trading partners of natural gas but also through the sale of LNG overseas.

The president of the Bolivian state oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), Óscar Barriga, declared in an interview with Xinhua that Bolivia is betting on LNG to expand its offer in an increasingly competitive gas market.

Ilo, in Peru, is projected as a point of embarkation and export of LNG to overseas markets, although at the moment there was no mention of potential destinations, 100 markets were outlined.

In addition, according to YPFB, LNG currently represents 30% of the gas supply in the world. However, it is expected that by 2040 it will be 70%, reported americaeconomia.com, as you can read in Mundo Marítimo.

(Source)
(Cover Photo Pixabay)

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Ermelinda is a journalist from Caracas, Venezuela. She has a Master’s degree in Digital Journalism and has recently finished a technical degree in Veterinary Assistance because of her love for animals. She likes to do sports, but especially ballet, which she has practiced for more than 17 years. Her passion is to read, write, and blog about different topics, as well as travel whenever she can.