Defense Ministry confirms Iran successfully test-fires sea-launched cruise missileMilitary & Defense February 27, 12:06
Kazakhstan's leader says Moscow, Astana achieved perfect relations over 25 yearsWorld February 27, 11:55
Diplomat says military presence in Iraq unacceptable without authorities’ permissionRussian Politics & Diplomacy February 27, 11:20
Ex-finance minister does not rule out income tax hike for boosting Russia’s budget revenueBusiness & Economy February 27, 11:13
Putin says Astana talks set up mechanism for monitoring Syrian ceasefireRussian Politics & Diplomacy February 27, 10:54
Russian diplomat believes Kurds need to join intra-Syrian talks in GenevaRussian Politics & Diplomacy February 27, 10:11
Russian combat engineers continue mine clearance operation in eastern AleppoMilitary & Defense February 27, 8:46
‘Moonlight’ takes Oscar for best picture instead of earlier announced ‘La La Land’Society & Culture February 27, 8:25
Oscars 2017: Casey Affleck, Emma Stone win Academy awards in best actor and actressSociety & Culture February 27, 8:08
LA PAZ, March 6. /TASS/. Gazprom may take part in natural gas production on new areas in Bolivia for its supply to thermal power plants, Bolivia’s Minister of Hydrocarbons and Energy Luis Alberto Sanchez said on Sunday.
"We particularly talked about the possibility of broadening exploration and gas production in our country with the help of Gazprom during the visit of Mr. Miller [Gazprom CEO - TASS] to Bolivia. We reached certain understanding that this gas to be produced with Gazprom’s help may be supplied to certain thermal power plants. We will work on that in coming weeks. Development of new areas will make possible to deliver gas to thermal power plants," the minister said.
Bolivia is working with Gazprom on increase of reserves and higher production of hydrocarbons, Sanchez said. If production grows, these resources will be largely exported to neighboring nations, he added.
"Certainly, global prices affected our industry, especially since we are exporting gas. However, we try to export processing products such as liquefied petroleum gas now instead of pure natural gas. We will start exporting liquefied natural gas in coming weeks and will begin exporting fertilizers and plastics in next months," the minister said.
Bolivia ready to offer a vast portfolio of possible hydroelectric power engineering projects to Russian companies, Luiz Alberto Sanchez said.
"We will soon offer a vast portfolio of possible projects in the hydroelectric power engineering sector to Russian companies and will invite them to come here with investments or with some service offers," he said.
The minister noted that energy consumption in the country is on the rise. "We have big reserves, we generate a lot of energy. We make big investments in the hydroelectric power engineering sector. If we expect to have a surplus of about 2,500 megawatt by 2020, the figure will go up to some 10,000 megawatt by 2025," Sanchez said.