Gazprom and YPFB Discuss Development of Bilateral CooperationOctober 8, 2021 14:06
The 10th Anniversary Saint Petersburg International Gas Forum is held in ExpoForum Convention and Exhibition Center on 5–8 October 2021.
Gazprom`s interests in Bolivian projects are represented by Gazprom EP International B.V. — a specialized company for implementation of overseas projects for prospecting, exploration and development of hydrocarbon fields. In 2018, Gazprom and the Bolivian state-owned oil and gas company Yacimientos Petroliferos Fiscales Bolivianos (YPFB) signed an Agreement on Strategic Association. The document defines the intercompany cooperation in exploration, gas production, and hydrocarbon transportation; development of the national oil-and-gas transport infrastructure and the NGV market; exchange of best practices and personnel training; as well as cooperation in science and technology.
In partnership with TotalEnergies (50%, project operator), Tecpetrol S.A. (20%), and YPFB (10%), Gazprom participates in development of the Ipati and Aquio oil and gas areas where the Incahuasi field was discovered. Produced hydrocarbons are supplied to both the domestic market and Argentina and Brazil.