By Erbol:

YPFB President Sees Possible Need to Import LPG Next Year

Reference photo / YPFB

YPFB President Sebastián Daroca acknowledged that Bolivia may need to import liquefied petroleum gas (LPG) next year for the domestic market, although measures are being taken to strengthen local production.

“Obviously, this year we do not see the need to import, but possibly next year, based on these evaluations, we will have to do so,” Daroca said Tuesday on La Mañana en Directo on ERBOL.

The possibility of importing LPG has already been raised by institutions such as the Jubileo Foundation, due to factors including declining natural gas production (since LPG is a byproduct of gas extraction) and smuggling driven by the subsidized price maintained in the country.

Daroca explained that there are plans to import crude oil and refine it domestically, which would also lead to an increase in LPG production.

He noted that these factors are being evaluated as part of an equation to analyze production capacity versus growing demand.

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