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Boom times for Bolivian gas but new reserves are needed

Production and exports are on the rise, but the country urgently needs to find new reserves and markets

Bolivia is quietly enjoying a golden age for its gas industry. Production has doubled over the past decade and rising revenues are fuelling one of Latin America’s fastest economic growth rates. The boom has been sustained by a fortuitous mix of high oil prices, timely investments and surging demand for the country’s gas from its neighbours Argentina and Brazil. Bolivian gas production has risen every year but one since 2000, and has surged in recent years thanks to new investment in its largest gasfields and expanded pipeline capacity to its southern neighbours. Last year, according to government data, output rose 14% to 21.27 billion cubic metres (cm), making it Latin America’s fourth-larg

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