LatinNews Regional Monitor: Andean Group - 22 April 2020

* Bolivia’s hydrocarbons minister, Víctor Hugo Zamora, has said that the exact impact of falling international oil prices on the country’s natural gas exports will not be certain until July, when prices will be calculated based on a basket of international fuel prices, including the hard-hit West Texas Intermediate (WTI) crude. Herland Soliz, president of the state-owned oil and natural gas firm Yacimientos Petroliferos Fiscales Bolivianos (YPFB), anticipated that the price crash would lead to a 45% decrease in income from natural gas exports this year, although he argued that this would be offset  by savings on oil imports. Soliz also proposed that the interim government take this opportunity to promote a domestic market for natural gas, to reduce future dependence on imported fuels.

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