Gazprom discusses cooperation with Cuba Energy Ministry, highlights success with Bolivia


ST. PETERSBURG -- A working meeting between Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Luis Alberto Sanchez, Minister of Hydrocarbons and Energy of Bolivia, took place today at the seventh St. Petersburg International Gas Forum.

The meeting highlighted the successes of the bilateral partnership in the energy sector. It was noted that the parties continued to actively develop the Incahuasi field. With the drilling locations determined for prospecting wells at the Azero licensed block, preparations are underway for their construction.

The parties also discussed the cooperation prospects with regard to natural gas as a vehicle fuel and small-scale LNG. It was stressed that efforts were being made to prepare the Agreement for creating a joint venture focused on projects in the aforementioned fields.

Also today, Gazprom EP International B.V., Gazprom Marketing & Trading Ltd., the Bolivian Ministry of Hydrocarbons and Energy, and Yacimientos Petroliferos Fiscales Bolivianos signed a memorandum of understanding.

The document reflects the parties’ intention to set up a joint venture for gas marketing in Argentina and Brazil.

Markelov also met with Alfredo Lopez Valdes, Minister of Energy and Mines of the Republic of Cuba. The meeting addressed the prospects for cooperation in the energy sector. Other details of the meeting have not been released. 

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