ARGENTINA, BOLIVIA & BRAZIL: Bolivia reduces gas supplies to neighbours

President Evo Morales confirmed last week that Bolivia will not be able to supply the volume of gas specified by current contracts with Argentina and Brazil. Morales said that Bolivia would try to find "an equilibrium" in the dispatch of gas to the neighbouring countries, thereby avoiding further shortages at times of peak demand - such as winter months in Argentina. This declaration suggests that the Bolivian government is willing to reach a negotiated solution with Argentina and Brazil over gas supply shortages. Argentine and Brazilian officials expressed concern, however, at the assertion by Bolivia's hydrocarbons minister, Carlos Villegas, that "priority will be given to supply domestic demand".

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