Bolivian gas was once the beating heart of South America’s natural gas production, with powerhouse neighbors Argentina and Brazil relying on the landlocked country’s pipeline shipments to keep the lights on. But this is seen coming to an end.


Bolivian gas production will decline more rapidly than expected, falling from 1.4 Bcf/d in 2022 to as low as 400 MMcf/d by 2030, according to a report from Wood Mackenzie.

“Production in Bolivia has been in a steady decline since 2015, with a slight increase in 2021,” said Amanda Bandeira, Wood Mackenzie Latin America Upstream analyst. “However, with few new discoveries and little supply left in mature fields, production will begin to decline at a much more rapid pace. Currently, domestic demand consumes about 30% of the total...