Gazprom, YPFB to develop LNG fueling infrastructure in Bolivia

Gazprom, YPFB to develop LNG fueling infrastructure in Bolivia
Illustration purposes only (Image courtesy of Gazprom)

Gazprom’s unit, Gazprom Gazomotornoye Toplivo signed a letter of intent with the Bolivian YPFB to set up a joint venture to develop LNG and CNG infrastructure. 

According to Gazprom’s statement, the joint venture will develop the production and marketing infrastructure for compressed and liquefied natural gas to be sold as a vehicle fuel, as well as for the purposes of autonomous gasification in Bolivia and other Latin American countries.

The letter of intent follows an agreement of strategic cooperation signed February 2016, between Gazprom and Yacimientos Petroliferos Fiscales Bolivianos.

Under the agreement, the two companies will join efforts in exploration, production and transportation of hydrocarbons, construction and modernization of oil and gas infrastructure, and creation of power generation capacities in Bolivia.

In addition, the agreement is aimed at promoting the use of gas as a vehicle fuel in Bolivia and implementing joint R&D projects.

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >