LatAmNRG Briefs: Mexican Electric Rates, YPFB Deal With Camacari

(Energy Analytics Institute, Ian Silverman and Piero Stewart, 4.Jan.2019) — Heard on the street and LatAmNRG briefs on Bolivia seeking natural gas deal with Peru, YPFB and Camacari inking deal for thermoelectric plant, China’s Eximbank disbursing $56 million to Sinosteel in Bolivia, Mexico planning to raise electric rates for industrial and commercial consumers, and Venezuela’s President Nicolas Maduro saying he is “very determined” to boost oil production.

YPFB Signs Deal With Brazil’s Camacari For Thermoelectric Plant

(Energy Analytics Institute, Ian Silverman, 4.Jan.2019) — Bolivia’s YPFB signed a contract with Camacari RJ for construction of a thermoelectric plant in the border city of Corumbá, in which YPFB will be a partner and supplier of natural gas.

The contract between YPFB and Camacari RJ contemplates the sale of 1.5 to 3 million cubic meters of gas over 25 years, reported online media El Diario.

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Bolivia’s YPFB Seeking Natural Gas Deal With Southern Peru

(Energy Analytics Institute, Ian Silverman, 3.Jan.2019) — YPFB is working with the regional governments of southern Peru to provide natural gas to the highlands of that country, reported online media La Razón, citing Bolivia’s President Evo Morales.

Lima is expected to send a minister soon to Bolivia to address the issue.

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China’s Eximbank Disburses $56 Million To Sinosteel

(Energy Analytics Institute, Ian Silverman, 2.Jan.2019) — China’s Eximbank has disbursed about $56 million to Sinosteel related to construction of El Mutún steel plant, in Santa Cruz, Bolivia, reported online media La Razón, citing Siderúrgica del Mutún Company (ESM) President Jesús Lara.

El Mutún will produce 194,000 tons per year of rolled steel, also known as construction rods, which will serve to cover at least 50% of Bolivia’s domestic demand.

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Mexico To Raise Electric Rates For Industrial And Commercial Consumers

(Energy Analytics Institute, Jared Yamin, 31.Dec.2018) — Basic low consumption electricity rates in Mexico will be updated in 2019 based on inflation observed in the National Consumer Price Index, and are not expected to increase in real terms, while electricity rates for the industrial, commercial and services sector will increase 0.41%, reported online media El Financiero.

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Venezuela “Very Determined” To Boost Oil Production, Says Maduro

(Energy Analytics Institute, Piero Stewart, 1.Jan.2019) — Venezuela’s President Nicolas Maduro announced his government was “very determined” to increase oil production as well as increase the country’s capacity in areas such as petrochemical, gold, diamonds and coltan. His comments were made during an interview granted to journalist Ignacio Ramonet, reported online media Correo Del Orinoco.

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