Argentina took a step towards securing additional natural gas supplies for this upcoming Southern Cone winter with a new agreement with neighboring Bolivia.

The agreement guarantees Argentina will receive 14 Mm3/d of gas from Bolivia from May to September, the same volume of imports as last winter. Bolivia had initially said it would send out about half of this to Argentina this year.

Additionally, Argentine President Alberto Fernández said that in the event of excess volumes being available in Bolivia, Argentina would “have priority.”

In separate talks, Argentine officials reached an agreement with Brazil to import electricity during the winter months in order to be able to divert some natural gas from power plants to the industrial and residential...