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Survey of Energy Resources 2007

Natural Gas Country Notes

Bolivia

Proved recoverable reserves (bcm)

740

Production (net bcm, 2005)

12.4

R/P ratio (years)

57.8

Year of first commercial production

1955


The level adopted for proved reserves at end-2005 reflects the view of Cedigaz: other published sources broadly concur. Assessments of gas reserves as at 1 January 2005, issued by the state hydrocarbons company YPFB and published by the Instituto Nacional de Estadística, show proved reserves as 27 tcf (765 bcm) and probable reserves as 22 tcf (623 bcm).

Exports to Argentina used to be the major outlet for Bolivia's natural gas, but the focus of Bolivia's gas export trade shifted towards Brazil following the inauguration of two major export lines, one from Santa Cruz de la Sierra to south-east Brazil in 1999 and another in 2000 from San Miguel to Cuiaba. Exports in 2005 amounted to 10.2 bcm.

Internal consumption of gas is still on a small scale (only about 2 bcm/yr), and confined almost entirely to electricity generation and industrial fuel markets, residential use being minimal at present.