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July 16, 2024

Bolivia Announces Discovery of Natural Gas "Mega Field"
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Bolivia's president has announced plans to exploit a vast natural gas
reserve north of Bolivia's administrative capital, La Paz. President
Luis Arce said Monday the discovery of 1.7 trillion cubic feet of gas
would once again make Bolivia a major exporter of fossil fuels.

President Luis Arce: "It will mark the beginning of a new chapter for
the northern sub-Andean region. It offers the hope of maintaining our
country as an important gas exporter, driving a second era of
hydrocarbon production and positioning La Paz as a department that is
now a hydrocarbon producer."

Bolivia is already South America's largest exporter of natural gas,
although its shipments are dwarfed by the world leader, the United
States.


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