Russian fertiliser giant Acron has signed a memorandum of understanding with Bolivia's state-owned oil and gas company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) to purchase 4 million cubic meters of liquified natural gas per day for 20 years from 2022. The price and volume of the gas will be negotiated in the coming months, but will be above the rate Brazil and Argentina have contracted for. The agreement said the two firms will also establish a joint venture to commercialise Bolivian-produced urea, as well as that produced in Acron plants in Brazil.
Russian fertiliser giant Acron has signed a memorandum of understanding with Bolivia's state-owned oil and gas company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) to purchase four million cubic metres of liquified natural gas per day for 20 years from 2022. The price and volume of the gas will be negotiated in the coming months, but will be above the rate Brazil and Argentina have contracted for. The agreement said the two firms will also establish a joint venture to commercialise Bolivian-produced urea, as well as that produced in Acron plants in Brazil.