BOLIVIA: The Law of LNG
Article from: OGEL 1 (2006), in Liquefied Natural Gas (LNG)
In mid-2001, a project to export LNG from Bolivia to the United States of America was announced by a consortium comprised by Repsol-YPF, British Gas, each with a 37.5% stake, and Pan American Energy, a subsidiary of BP, with 25%. The consortium would have contributed to the exploitation of Bolivia's gas reserves which currently exceed 52 tcf (the second largest in Latin America) and would have produced over $40 million in tax revenues for Bolivia and investments of between 5.5 to 9 billion dollars in Bolivia. On October 12, 2003, former President, Gonzalo Sanchez de ...