Overview

• President Luis Arce announced the discovery of the Mayaya X-1 gas field north of La Paz.
• The new field holds an estimated market value of $6.8 billion.
• This find is expected to reverse Bolivia's declining gas production and economic challenges.
• The state-owned YPFB invested $50 million in the discovery.
• Bolivia's gas reserves were last reported at 8.7 trillion cubic meters in 2019.