Argentina agreed to a 47 percent increase in the cost of its Bolivian natural gas imports, easing tensions between the two countries. Bolivia’s President Evo Morales insisted on the increase that now puts pressure on Brazil to do the same. Brazil buys 70 percent of Bolivia’s gas and depends heavily on the Andean nation. Argentina will now pay $5 per million British thermal units of gas. Petrobras, the Brazilian oil company, will pay between $3.80 and $4.65 starting in July.
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