Gas deal brokered by Evo and Lula

The presidents of Bolivia and Brazil (image) finalized a deal designed to ease tensions between both countries over natural gas. Brazil will have to pay $100 million more per year in order to get natural gas imported from Bolivia yet Brazil avoided an energy crisis since 50% of its daily gas supply comes from the Andean country.

Links- BBC News, BusinessWeek, The Latin Americanist

Image- Agencia Nova