The embattled president is hoping that the newly discovered gas will give the country a boost at a time of economic downturn.
With gas exports diminishing in recent years, Bolivia’s foreign exchange reserves have dwindled as a result, while inflation has soared.
Fuel shortages and a cost of living crisis have angered voters who backed Mr Arce in the 2020 election hoping that the former economy minister would restore Bolivia’s economy to the boom it experienced between 2005 to 2014, when gas prices were particularly high.
President Arce is expected to stand for re-election in next year’s presidential poll, but the governing party is currently split between those who support him and those who support the former president, Evo Morales.
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