Natural Gas Prices in South America
In South America, the second largest supplier of natural gas is Bolivia. The price which Bolivia is paid for its natural gas is roughly US$ 3.25 to Brazil and $US 3.18 to Argentina. Other sources state that Brazil pays between US$ 3.15/MMBtu and US$ 3.60/MMBtu (not including US$ 1.50/MMBtu in Petrobras extraction and transportation costs). The price of gas in the US as a whole is between US$ 5.85/MMBtu (May 21, 2006), US$ 7.90/MMBtu (April 2006) & US$6.46/MMBtu (June 2006). Though several years ago the price of natural gas spiked at $14 in California due to lack of pipeline capacity to and within California, and also due to electricity outages. While according to Le Monde, Brazil and Argentina pay US$2 per thousand cubic meter of gas, which costs between $2.21 to $2.28 in California according to Reuters.
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