YPFB to supply gas to Acron's Brazil plants
Published by Nicholas Woodroof,
Editor
World Fertilizer,
YPFB agreed the sale of 2.2 million m3/d of natural gas to the Russian firm for a 20-year period from 2023.
“Today we consolidated a new market for Bolivian gas,” said the Bolivian hydrocarbons minister Luis Alberto Sánchez.
The Bolivian government also agreed to establish with Acron a company for the sale of urea in Brazil. YPFB will also get a 12% stake in the Russian company’s Tres Lagunas plant, with the option to raise that to 30%.
The Bolivian minister also said YPFB and Russia’s Gazprom had completed negotiation of a contract for the exploration and exploitation of the Vitiacua area, a reservoir of natural gas with recoverable resources estimated at 2.13 trillion ft3.
According to the official, that project would require an investment of approximately US$1.1 billion, and the project could produce an estimated 12 million m3/d of gas by 2028.
Read the article online at: https://www.worldfertilizer.com/nitrogen/15072019/ypfb-to-supply-gas-to-acrons-brazil-plants/
You might also like
CF Industries announces emissions reduction project at Yazoo City
CF Industries has announced that it is moving forward with a carbon capture and sequestration (CCS) project at its Yazoo City, Mississippi, Complex that is expected to reduce carbon dioxide (CO2) emitted to the atmosphere from the facility by up to 500 000 tpy.