Spain accepts Bolivia gas plans

[bemildred]

A Spanish delegation says it has reached a "good understanding" with Bolivian President Evo Morales over his energy nationalisation programme.

The issue matters to Spain because of the huge Bolivian gas reserves controlled by Spanish firm Repsol.

But Spain's Deputy Foreign Minister, Bernardino Leon, said he respected Bolivia's decision to nationalise.

He said Spanish firms would have to decide whether to stay in Bolivia under the new terms.

BBC

[BrotherBuzz]

1. As will most parties seeking Bolivian gas except possibly....

Exxon. I suspect they will sell their interests to a third party rather then capitulate, just like they did in Venezuela.

[eleny]

2. Some good news for today