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Bolivia political deal clears gas line, urea plant

  • Spanish Market: Fertilizers, Natural gas
  • 25/11/19

A breakthrough in Bolivia's political crisis is clearing the way for repairs to a sabotaged natural gas pipeline and a urea plant.

Jeanine Anez, the conservative former senator who declared an interim administration after longtime president Evo Morales resigned on 10 November, struck a political compromise yesterday with Morales' Movement toward Socialism party (MAS) that will lead the country to new elections by around the end of April 2020.

Morales supporters agreed to lift roadblocks, while the Anez administration vowed to withdraw the military from the streets.

The military and police effectively abandoned Morales after he declared victory in his bid for a fourth presidential term in 20 October elections that the Washington-based Organization of American States (OAS) deemed to be tainted.

Unrest broke out shortly after the elections, and later focused around La Paz and Cochabamba where Morales supporters had demanded his return. Tensions peaked last week when protesters blocked the Senkata fuel terminal in El Alto outside of La Paz.

The lifting of the roadblocks has allowed technicians to access the Carrasco-Cochabamba gas pipeline that was sabotaged in early November, allegedly by Morales supporters shortly after he fled to Mexico where he was given political asylum. Around 200m of the domestic pipeline were damaged, according to Bolivia's state-owned oil and gas company YPFB.

Bolivia's defense ministry reported that farmers agreed to allow workers from YPFB to access the pipeline and undertake repairs.

The pipeline supplies the 700,000 t/yr Bulo Bulo urea and ammonia plant in Cochabamba's jungle region. YPFB said it was too early to determine how much time would be needed to fix the line.

The plant had been producing at a reduced capacity since late October because of the roadblocks that prevented urea supply from reaching neighboring Brazil.

YPFB signed a commercial deal on 15 October with Russia's Acron to provide natural gas for urea production at a plant that the Russian company operates in Brazil's Mato Grosso do Sul state. Under the contract, Acron will help distribute urea from the Bolivian plant.

The unrest in Bolivia did not impact the country's pipeline gas exports to Brazil and Argentina which account for the bulk of the government's revenue. YPFB had warned its counterparts in both countries on 11 November of possible interruptions, but these never materialized. The operations of foreign companies, including Spain's Repsol, France's Total, Shell and Russia's Gazprom, were largely unaffected.

Evo's friends

Under ground-breaking legislation approved by the MAS-controlled congress yesterday, a new electoral board will be installed within 20 days. The board is tasked with calling elections within 120 days.

The legislation prohibits Morales and his former vice president Alvaro Garcia from running in the new elections. Garcia fled to Mexico along with Morales, a steadfast ally of Venezuela's president Nicolas Maduro, whose government is the target of US sanctions.

The indigenous Morales was first elected in 2005 on a resource nationalist platform and served nearly 14 years before resigning. Despite his rhetoric, the Morales administration provided a stable operating climate for oil and gas companies.

Morales and his supporters inside and outside Bolivia say he was the victim of a coup. Among his regional backers are Mexico, Cuba, Venezuela and Uruguay. Montevideo's stance could now swing into the anti-Morales camp if the initial results of a 24 November run-off election favoring center-right Luis Lacalle Pou are confirmed. But Argentina is shifting leftward with incoming president Alberto Fernandez, who replaces pro-business Mauricio Macri early next month.

By Lucien Chauvin and Patricia Garip


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30/04/25

Brazil Aneel rejects grid access for green H2 projects

Brazil Aneel rejects grid access for green H2 projects

Paris, 30 April (Argus) — Brazil's electricity regulation agency Aneel has rejected requests for electricity grid connections filed by two renewable hydrogen projects in the northeast of the country — but the decision can be reverted, according to one of the companies. Spanish project developer Solatio, which is planning a renewable ammonia project in the state of Piaui, had its request for a grid connection rejected by Aneel in a resolution published last week. In March, Solatio received approval from Brazil's industry minister to build a 3GW electrolyser facility at the Parnaiba Export Processing Zone, with operations expected to start in early 2029. The firm had previously said it aims to achieve over 11GW of electrolyser capacity in Piaui in the long run. Aneel's decision to reject access to the grid was based on recommendations made by Brazil's grid operator ONS, which found the grid connection request to not be feasible as it "could result in overload and risks of voltage collapse". In the technical note, Aneel said that this decision "does not constitute a sanction or opposition to the investment itself". Instead it is a reflection of the "current technical limitations" of the power system. The regulator expects that "in the near future, structural works capable of safely serving large loads in the northeast will be proposed and granted". Brazil's energy ministry has already requested energy planning body EPE an expansion of 4GW of capacity in the northeast grid to accommodate demand from renewable hydrogen projects in the coming years. Solatio has already submitted a "new technical solution" that was designed with support of the Piaui government and state investment promotion agency Invest Piaui and that it could be approved soon, the developer told Argus . Earlier this month, renewables firm Casa dos Ventos also had a grid connection request rejected for its 900,000 t/yr renewable ammonia project planned at the Pecem port complex, in Brazil's Ceara state. Output from the Iracema project could supply TotalEnergies , which is a shareholder in Casa dos Ventos. Casa dos Ventos' request included a grid link to power a data centre project, which was refused by Aneel too. Aneel has asked ONS to provide "the set of technical information" for its recommendation and increase transparency on its assessments. Casa dos Ventos was not immediately available to comment. Hydrogen industry participants in Brazil have grown increasingly concerned about power grid bottlenecks. Even though the government has approved plans to expand grid capacity across the country, the sector worries that this could come too late for projects that hope to be early beneficiaries of Brazil's tax credit scheme unless the procedures are sped up. By Pamela Machado Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Japan’s Sojitz to enter biomethane production in India


30/04/25
30/04/25

Japan’s Sojitz to enter biomethane production in India

Tokyo, 30 April (Argus) — Japanese trader Sojitz has decided to fund Indian biomethane producer IOC GPS Renewables (IGRPL), in efforts to enter biomethane production and sales in India. IGRPL's biomethane project requires over $400mn, Sojitz announced on 30 April, but Sojitz declined to disclose the funding amount. IGRPL is a company jointly launched by Indian biomethane plant constructor GPS Renewables and India's state-controlled refiner Indian Oil. Sojitz will conduct the funding in line with these two companies by the end of May, Sojitz told Argus . IGRPL plans to begin operating 30 biomethane plants in India during the 2026-27 fiscal year to 2027-28, targeting 160,000 t/yr of biomethane production. The company first produces biogas, a mixture of methane and CO2, by processing agricultural wastes using bacteria. It then purifies the biogas to be used as biomethane. IGRPL's biomethane plants will mainly use paddy straws as feedstock, which are usually burned in the country after harvesting rice. The produced biomethane is expected to be supplied to domestic gas firms, and those companies will use the biomethane for blending with conventional city gas. This will help to cut greenhouse gas emissions compared with using only conventional gas derived from fossil fuels, Sojitz said. Sojitz does not plan to export this project's biomethane to Japan for now, the company explained to Argus , but will later consider expanding the biomethane business to other regions by utilising GPS Renewables' technologies. By Kohei Yamamoto Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Norway's Equinor sees minor fall in 1Q output, profit


30/04/25
30/04/25

Norway's Equinor sees minor fall in 1Q output, profit

London, 30 April (Argus) — Norwegian state-controlled Equinor posted a profit of $2.63bn in the first quarter — a decline of 2pc on the year — as production dropped slightly and it reported lower liquids prices. Although its profit fell compared with a "strong" first quarter of 2024, it was an increase of nearly a one third from the fourth quarter of 2024. Equinor's production was 2.12mn b/d of oil equivalent (boe/d) in the January-March period, lower on the year by 2pc. "The production decrease was similar for both gas and liquids," the company said. It cited "strong" operational performance for most of its Norwegian fields, which it said "almost offsets the negative production impact from the shut-in at Sleipner B… and planned and unplanned maintenance at Hammerfest LNG." The Sleipner B platform was shut down in October after a fire . Equinor's US production rose on the year, while its output from international assets fell over the same timeframe owing to its exits from Nigeria and Azerbaijan in 2024. Equinor reported an average liquids price of $70.6/bl in the January-March quarter, down by 7pc on the year. Its realised piped gas prices rose considerably over the same time, to $14.80/mn Btu for Europe and $4.06/mn Btu for the US — increases of 57pc and 74pc, respectively. The company's total first-quarter power generation increased by 9pc on the year, to 1.4TWh, driven by "stronger clean spark spreads in gas to power generation and onshore assets in Brazil." But the renewables share of this slid by 2pc over the same period, to 760,000GWh because of "unfavourable wind conditions." Equinor is considering its legal options with regards to its US Empire Wind project, chief executive Anders Opedal said today. The US government in April ordered work to stop on the planned 810MW wind farm, offshore New York. "We have invested in Empire Wind after obtaining all necessary approvals, and the order to halt work now is unprecedented and in our view unlawful," Odepal said. "This is a question of the rights and obligations granted under legally issued permits, and security of investments based on valid approvals." The company reported a marginal decline in its upstream CO2 intensity in the first quarter 6.1kg CO2/bl, compared with 6.2kg CO2/bl for full-year 2024. There was a similar drop in absolute scope 1 and 2 greenhouse gas (GHG) emissions — at 2.7mn t/CO2 equivalent (CO2e) for the first quarter, compared with 2.9mn t/CO2e a year earlier. Equinor confirmed a cash dividend of $0.37/share for the first quarter and plans to launch a second tranche of its share buyback programme of up to $1.265bn, subject to authorisation at its annual general meeting in May. The first tranche of this year's buyback programme was completed on 24 March with a total value of $1.2bn. By Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Woodside’s Louisiana LNG signs gas supply deal with BP


30/04/25
30/04/25

Woodside’s Louisiana LNG signs gas supply deal with BP

Sydney, 30 April (Argus) — Australian independent Woodside Energy has signed a long-term supply deal with oil major BP for feedstock gas for the first two stages of its Louisiana LNG project, totalling 16.5mn t/yr, ahead of first production planned for 2029. The agreement is the first in a series of planned deals enabling diversified supply into the three-train Louisiana LNG project, with up to 640bn ft³ (18bn m³) to be piped to the facility via the proposed Line 200, Woodside said on 30 April. Lines 200 and 300 form one of two interstate pipeline schemes proposed as part of the project. The dual 42-inch pipelines running about 37 miles (60 km) and 34 miles respectively from Ragley in Beauregard Parish to Carlyss in Calcasieu Parish, Louisiana, have planned capacity of 4.6bn ft³/d with maximum seasonal capacity of 5.7bn ft³/d, Woodside said. The 96-mile Driftwood mainline pipeline to be built through Evangeline, Acadia, Jefferson Davis and Calcasieu parishes will average 4bn ft³/d, Woodside said. Woodside reached a final investment decision for Louisiana LNG on 29 April after selling down 40pc of the project's infrastructure to US-based investment firm Stonepeak in early April. The facility holds permits for 27.6mn t/yr of capacity, with an eventual total of five trains planned. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US consumer confidence falls for 5th month in April


29/04/25
29/04/25

US consumer confidence falls for 5th month in April

Houston, 29 April (Argus) — US consumer confidence fell in April to the lowest level since the onset of the Covid-19 pandemic five years ago, and consumer expectations fell to the lowest since October 2011, according to a Conference Board survey released today. The consumer confidence index fell by 7.9 points to 86 in April, the fifth consecutive monthly decline and the lowest since the US was emerging from a brief recession in 2020 that was triggered by the pandemic and the related economic shutdown. The expectations index, based on US consumers' short-term outlook for income, business and labor market conditions, dropped by 12.5 points to 54.4, well below the threshold of 80 that usually signals a recession ahead. The three segments of the expectations index — business conditions, employment prospects and future income — "all deteriorated sharply, reflecting pervasive pessimism about the future", according to the Conference Board. "Tariffs are now on top of consumers' minds, with mentions of tariffs reaching an all-time high," the board said. "Consumers explicitly mentioned concerns about tariffs increasing prices and having negative impacts on the economy." The share of consumers expecting fewer jobs in the next six months was 32.1pc, nearly as high as in April 2009 during the Great Recession. The present situation index, based on consumers view of current business and labor market conditions, fell by 0.9 to 133.5. "High financial market volatility in April pushed consumers' views about the stock market deeper into negative territory", with 48.5pc expecting stock prices to fall in the next 12 months. Average expectations for US inflation levels in 12 months rose to 7pc, the highest since November 2022. The Conference Board is a non-partisan, non-profit think tank based in the US. Its monthly consumer confidence survey is based on an online sample of consumers. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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