INSUBCONTINENT EXCLUSIVE:
gas.These steps come after a disappointing outcome from the Astillero X-1 well, which failed to find expected gas reserves.Facing an energy
trade deficit of $1 billion in 2023 and a significant drop in gas sales, Bolivia is acting to reverse its dwindling foreign reserves and
currency challenges.Arce celebrated the opening of the YPFB Santa Cruz biofuel plant as a significant shift towards biofuels, aiming to
lessen the hefty $3 billion fuel import bill.When in full swing, the facility will produce 1,500 barrels of biodiesel each day from local
(Photo Internet reproduction)However, sourcing raw materials for this venture and another upcoming plant in El Alto raises supply
Senator Cecilia Requena highlighting the risk of increased deforestation and agricultural expansion.Despite potential environmental
also embraces ethanol in gasolineThe biodiesel output is estimated to cover only 3-6% of national diesel needs, contrasting with optimistic
government projections.As Bolivia also embraces ethanol in gasoline, the approach to biodiesel supplements, rather than substitutes,
question the viability of fracking.Amidst climate crisis fears, this strategy faces criticism for its potential impact on water resources,
