BMI View: While we continue to expect gas production to rise over much of our forecast period, from 2018 we remain uncertain as to whether new production will be sufficient to offset declining volumes elsewhere. For now, we are pricing in a cautiously optimistic view on Bolivian gas production. We expect to see growth over the course of our forecast period to 2022 driven by new investment from foreign players. Yet our caution is underpinned by above-ground developments as well, with concerns regarding the country’s business environment a persistent downside risk to our forecast. Although condensate volumes from gas production …
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