The leaders of South America's three largest economies endorsed Bolivia's right to nationalize its natural gas, but signaled negotiations lay ahead on future gas supplies and energy investments.
Presidents Luiz Inacio Lula da Silva of Brazil and Nestor Kirchner of Argentina, Bolivia's biggest natural gas consumers who fear price increases, joined in publicly backing Bolivian President Evo Morales on Thursday at a summit convened to defuse a crisis over the issue.
Venezuela's socialist President Hugo Chavez, a close ally of Morales as the leader of South America's third-largest economy, called the closing of ranks behind Bolivia "a blow" to US-backed "imperialist" designs.
Chavez acknowledged the tensions raised by Morales' nationalization gamble but praised the fellow leaders of Argentina and Brazil who affirmed Bolivia's "sovereign right" to control its gas reserves, the second-largest in South American after Venezuela.
Morales arrived in Puerto Iguazu, Argentina with Chavez after declaring Bolivia was now seeking "partners, not owners" to tap Bolivia's natural resources, raising fears he could drive foreign energy companies from his country.
With soldiers posted at 56 gas installations around Bolivia after Morales issued his decree on Monday, critics saw his move as a spinoff of the more radical socialist policies espoused by Chavez.
After the four presidents met for three hours in this Argentine border city near Brazil, they held a joint news conference backing Bolivia but pointing to a series of bilateral negotiations ahead.
Chavez also publicly rejected any suggestion that Morales privately sought support for his decision from Venezuela or Cuba, the two most avowedly anti-US nations in Latin America.
Venezuela, meanwhile, pledged to help Bolivia's energy transition.
Rafael Ramirez, the president of Petroleos de Venezuela SA, said a natural gas extraction plant will be built in the Andean country. He did not elaborate on the cost.
He also said Venezuela would help Bolivia in "the certification, exploration and exploitation of oil and gas" reserves, a deal to be formalized by Chavez when he visits Bolivia on May 18.
Chavez was expected to visit a Bolivian gasfield to advance a "strategic" alliance between PDVSA and Bolivia's state oil company Yacimientos Petroliferos Fiscales Bolivianos, or YPFB, a Venezuelan statement said.
The summit came a day after Brazil's state-owned petroleum company summarily announced it would suspend all new petroleum investment in Bolivia, where it has spent US$1.6 billion over the past decade to boost production.
But Silva suggested that Petrobras could reverse course after negotiations.
"As a company, it will always invest wherever it sees a chance to obtain a return for its investments," Silva said.
Brazil is the largest consumer of Bolivian gas, and Petroleo Brasileiro SA is among the biggest producers in Bolivia, whose national industry was privatized in the 1990s.
Silva also said the leaders agreed that differences over the prices Argentina and Brazil pay to Bolivia and foreign participation in Bolivian production "would be discussed bilaterally between the Bolivian and Brazilian governments and between Petrobras and YPFB."
"The important thing is that gas supplies for countries needing them have been guaranteed and that prices will be discussed in the most democratic form possible," Silva added.
AIR SUPPORT: The Ministry of National Defense thanked the US for the delivery, adding that it was an indicator of the White House’s commitment to the Taiwan Relations Act Deputy Minister of National Defense Po Horng-huei (柏鴻輝) and Representative to the US Alexander Yui on Friday attended a delivery ceremony for the first of Taiwan’s long-awaited 66 F-16C/D Block 70 jets at a Lockheed Martin Corp factory in Greenville, South Carolina. “We are so proud to be the global home of the F-16 and to support Taiwan’s air defense capabilities,” US Representative William Timmons wrote on X, alongside a photograph of Taiwanese and US officials at the event. The F-16C/D Block 70 jets Taiwan ordered have the same capabilities as aircraft that had been upgraded to F-16Vs. The batch of Lockheed Martin
GRIDLOCK: The National Fire Agency’s Special Search and Rescue team is on standby to travel to the countries to help out with the rescue effort A powerful earthquake rocked Myanmar and neighboring Thailand yesterday, killing at least three people in Bangkok and burying dozens when a high-rise building under construction collapsed. Footage shared on social media from Myanmar’s second-largest city showed widespread destruction, raising fears that many were trapped under the rubble or killed. The magnitude 7.7 earthquake, with an epicenter near Mandalay in Myanmar, struck at midday and was followed by a strong magnitude 6.4 aftershock. The extent of death, injury and destruction — especially in Myanmar, which is embroiled in a civil war and where information is tightly controlled at the best of times —
Taiwan was ranked the fourth-safest country in the world with a score of 82.9, trailing only Andorra, the United Arab Emirates and Qatar in Numbeo’s Safety Index by Country report. Taiwan’s score improved by 0.1 points compared with last year’s mid-year report, which had Taiwan fourth with a score of 82.8. However, both scores were lower than in last year’s first review, when Taiwan scored 83.3, and are a long way from when Taiwan was named the second-safest country in the world in 2021, scoring 84.8. Taiwan ranked higher than Singapore in ninth with a score of 77.4 and Japan in 10th with
SECURITY RISK: If there is a conflict between China and Taiwan, ‘there would likely be significant consequences to global economic and security interests,’ it said China remains the top military and cyber threat to the US and continues to make progress on capabilities to seize Taiwan, a report by US intelligence agencies said on Tuesday. The report provides an overview of the “collective insights” of top US intelligence agencies about the security threats to the US posed by foreign nations and criminal organizations. In its Annual Threat Assessment, the agencies divided threats facing the US into two broad categories, “nonstate transnational criminals and terrorists” and “major state actors,” with China, Russia, Iran and North Korea named. Of those countries, “China presents the most comprehensive and robust military threat