In a significant development, Bolivia's president revealed the discovery of extensive natural gas reserves near the capital city, La Paz. President Luis Arce hailed the find as the largest in nearly two decades, offering a potential lifeline to the country's struggling economy. The newly identified gas field, named Mayaya X-1, is estimated to hold around 1.7 trillion cubic meters of gas with a market value of approximately $6.8 billion.
Arce emphasized the importance of this discovery in revitalizing Bolivia's gas industry, which had been a key driver of economic growth in the early 2000s. The president expressed optimism about the potential of the 'mega field' to bolster Bolivia's position as a significant gas exporter.
