Bolivia intends to buy Petrobras stake in gas pipeline to Brazil

Bolivia’s state-owned oil company YPFB plans to bid on a stake in a natural gas pipeline linking the country to Brazil to secure better terms for its gas sales there, the company said on Tuesday.

YPFB intends to bid on an unidentified portion of the 51% stake that Brazil’s state-owned energy company Petroleo Brasileiro SA owns in the Transportadora Brasileira Gasoduto Bolivia-Brasil (TBG), which pipes Bolivian natural gas from the Bolivian-Brazilian border to Sao Paulo, the company said in a statement.

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