Monday 21 April 2014

British Gas wins natural gas deal

British Gas is to explore for natural gas in Bolivia

British Gas and Brazilian energy company Petrobras have won bids to explore for natural gas in Bolivia.

Bolivia nationalised its energy industry in 2006 but has also been seeking more foreign investment to help tap its vast reserves.

Bolivia's state energy company YPFB announced in a statement on its website that the British and Brazilian companies had been awarded areas to explore for gas.

It said their investments would help boost exploration efforts in Bolivia, but it did not give details about the planned investments or the terms.

Press Association

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