In December 2003, Pacific LNG consortium feared nearing the end of its long-term efforts to develop Bolivian natural gas for export. Three companies - Repsol YPF (Spain, 37,5%), BG Group (UK, 37.5%) and the Pan-American Energy, division BP (UK, 25.0%) - the consortium Pacific LNG. The purpose of the consortium, in general, was the development of Bolivian gas pipeline to the Pacific coast, to build a liquefied natural gas (LNG), liquefied and exported LNG facility in California by pipeline from the port in Mexico. The economic viability of the project was based on two critical factors: access to Bolivian natural gas for at least thirty years, and long-term contract of sale of gas. Despite Pacific LNG was a Memorandum of Understanding (MOU) on gas sales contract, a memorandum of understanding was on the wane, and the Bolivian government was still discussing the political and economic issues related to the export of its most valuable natural resources of natural gas. The consortium had to make a last effort to save the project. "Hide
by Michael Moffett Source: Thunderbird School of Global Management 13 pages. Publication Date: November 16, 2010. Prod. #: TB0247-PDF-ENG
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