Peru and Bolivia have begun to study potential areas of cooperation with a view to integrating their energy.
“The Energy ministers for the respective countries, Luis Sanchez (Bolivia) and Francisco Mezzano (Peru), met last week in Bolivia to discuss ways to facilitate such collaboration. They will meet again in Lima, in the first half of February”, said Kallanish Energy.
The objective is to explore blocks of common interest, natural gas supply, liquefied petroleum gas, oil pipeline and storage facility construction in Peru’s Ilo port.
“There could also be a joint venture between YPFB and PetroPeru to sell LPG to neighboring countries”, the aforementioned website said.
Bolivia is a gas exporter in the region but imports oil. This is a reason why the Energy minister from this country wishes to make strong investments in the Peruvian side for oil logistics to import.
“We are working to put a large storage plant to import gasoline, diesel and crude oil and build an oil pipeline to the city of La Paz, and from there reach the refineries,” said Sanchez.
As for Mezzano, he believes both countries are aligned in terms of searching benefits for the population from natural resources.