Brazil Warns Bolivia: Raise Gas Too Much and We Will Stop Buying It

The Brazilian minister of Foreign Relations, Celso Amorim, stated today, May 5, that Brazil may stop importing Bolivian natural gas if the price of the product is raised excessively, in consequence of the country’s decision to nationalize petroleum and natural gas resources.

"I have no idea of the percentages. I believe that this is not up to us (in the Ministry of Foreign Relations). The definition is up to Petrobras and the Ministry of Mines and Energy. The problem right now is that, if prices are increased excessively, Bolivian gas will become an impossibility," according to Amorim.

"The only reason this gas is sold in Brazil is that the price is competitive with fuel oil, bottled gas, and other energy sources. The matter of prices has to do with this."

At Thursday’s, May 4, meeting in Puerto Iguazú, where Brazil’s president Luiz Inácio da Silva met with the presidents of Bolivia, Evo Morales, Argentina, Nestor Kirchner, and Venezuela, Hugo Chavez, the supply of gas to Brazil was guaranteed. The decision regarding prices was left for next week.

Two days ago, in an interview with the Bolivian Information Agency (ABI), Morales stated that the price of exported gas had to be raised.

"Yes, Brazil and Argentina must pay more for the gas they buy. According to the agreement, the prices should have been readjusted in 2004. I am sorry that the governments didn’t take care of this then," the Bolivian president commented.

Agência Brasil



You May Also Like

All Over Brazil Students March for University Reform

Brazil’s National Students’ Union (UNE) promoted demonstrations throughout the country today, the National Day ...

Brazil Presses Ahead to Reform and Get Permanent Seat at UN

Brazil’s Minister of Foreign Relations, Celso Amorim, says he has felt a “reform impulse” ...

Should I Go Back to Brazil? Definitely Maybe

Last week Time magazine had a cover feature about moving up in America compared ...

Machinery in Brazilian farm

Favorable Expectations Make Brazil’s Machinery Sector Grow 16%

Brazil's capital goods industry grew 16% in the first two months of this year ...

Uruguyan and Brazilian presidents Tabare and Lula

Brazil and Uruguay Presidents Meet. They Have Some Mending to Do

"All Mercosur members should be satisfied with the benefits and advantages obtained inside the ...

Best of the Century

Brazilian filmmakers have produced film gems since before the talkies. The best movie on ...

Weak Dollar Won’t Harm the Bottom Line, Says Brazil

The minutes of the last meeting of the Brazilian Monetary Policy Committee (Copom) make ...

Brazil Lowers GDP Expectations from 4% to 3.12%

Brazil’s Gross Domestic Product (GDP), which represents the sum of wealth produced in the country, ...

TV Lula’s Ambition: To Cover the World with Brazil’s Good News

On May 24, 2010, President Luiz Inácio Lula da Silva of Brazil launched International ...