01:14 GMT +315 December 2019
Listen Live
    Russian energy company Gazprom and French petrochemical giant Total may explore new areas of Bolivia for gas, Gazprom said in a statement Thursday.

    Gazprom, Total Set to Explore New Regions of Bolivia for Gas

    © AP Photo / Sergei Chuzavkov
    Get short URL
    0 42

    The companies are preparing to start industrial production in Bolivia's Ipati and Aquio blocks in 2016. Bolivia has the third largest amount of gas in Latin America.

    MOSCOW (Sputnik) — Russian energy company Gazprom and French petrochemical giant Total may explore new areas of Bolivia for gas, Gazprom said in a statement Thursday.

    "Given the increase of consumption of gas in Bolivia, the two sides stressed the viability of conducting exploration works of new areas in the region," the statement said, after the meeting of the heads of Gazprom and Total, Alexei Miller and Patrick Pouyanne, respectively.

    The two companies are already exploring Bolivian gas fields in the Ipati and Aquio blocks. According to the statement, the companies are preparing to start industrial production in those regions in 2016.

    The companies are also discussing joint exploration of fossil fuels in the Azero block.

    Bolivia has as much as 296 billion cubic meters (10,453 billion cubic feet) of natural gas, the third largest amount in Latin America.

    Gazprom and Total have been working on exploration of the southern Bolivian regions for gas since 2008.


    Putin Instructs Gazprom to Strictly Implement Gas Contracts With Ukraine
    Gazprom to Increase Capital of South Stream Operator Company by 75 Mln Euro
    Total Oil Giant Launches West Franklin Phase 2 Gas Project in UK North Sea
    Total Vice President Says Demand for Natural Gas to Grow After 2020
    gas, Gazprom, Total, Patrick Pouyanne, Alexei Miller, Bolivia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik