Air Freight News

Bolivia seeks to boost natural-gas exports by cutting local use

Bolivia is seeking to boost the use of renewable energy and export more of its natural gas to cash in on high energy prices. 

The Andean nation is targeting production of three-quarters of its electricity with renewable sources by 2025, Eusebio Aruquipa, director of the energy regulator, said in an interview Tuesday. Currently, about 70% of the nation’s electric power is produced by natural gas. 

President Luis Arce issued a decree this month that restricts use of the fuel by local manufacturers that use it to generate their own electricity. This would allow state-run energy company Yacimientos Petroliferos Fiscales Bolivianos to sell more of the fuel abroad. 

The decision comes as the government seeks ways to boost exports to shore up its international reserves. Bolivia exports its gas via pipeline to Brazil and Argentina. 

Some Bolivian businesses have expressed concern that the measures will increase local electricity costs. The National Chamber of Industry said it is preparing an alternative proposal to be sent to the Government.

Bloomberg
Bloomberg

{afn_job_title}

© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).

Similar Stories

Oil tanker jam in Turkey grows as sanctions snarl insurance

A backlog of oil tankers at the Turkish straits continues to build up, as negotiations failed to produce a solution to an insurance glitch caused by sanctions on Russian crude.

View Article
Volvo receives record order for electric trucks in Australia

Australian express freight company, Team Global Express, has placed an order for 36 Volvo electric trucks. This is Volvo’s largest electric truck order to date in Australia. The trucks will…

View Article
Record-high LNG imports in Europe just in time for demand surge - Rystad Energy global gas and LNG market note

Europe imports record high levels of LNG just in time for winter demand surge.

View Article
https://www.ajot.com/images/uploads/article/EIA_map_3_1.jpg
Coal was the largest source of electricity generation for 15 states in 2021
View Article
Oil tanker jam in Bosphorus grows as sanctions snarl insurance

A backlog of oil tankers at the Turkish straits continues to build up, as negotiations failed to produce a solution to an insurance glitch caused by sanctions on Russian crude.

View Article
https://www.ajot.com/images/uploads/article/GW_solar_panels.jpg
Gebrüder Weiss now generates solar power in Switzerland
View Article