Argentina’s new deal with Bolivia to up natural gas imports will bring savings of $769 million in foreign-exchange reserves and replace 14 vessels of increasingly expensive liquefied natural gas (LNG), Energy Secretary Dario Martinez said on Friday. Argentine President Alberto Fernandez and his Bolivian counterpart Luis Arce on Thursday reached a deal for Bolivia to export 14 million cubic meters of natural gas per day to Argentina, a boost but not as high as hoped. read more Bolivia will also give priority to Argentina for further supply if it is able to increase its production. Martinez said Argentina agreed to pay Bolivia an average $12.18 per million BTU (British thermal units) of natural gas, adding that international LNG prices were more than three times that and diesel prices were over twice as high. “It is good news for the country, for Argentineans in […]