CAF Looking To Provide Financing For Southern Pipeline

The Andean Development Corporation, CAF, is interested in providing some of the financing for the Southern Andean Gas Pipeline, which will be operated by Kuntur Transportadora de Gas, owned by Odebrecht of Brazil and Conduit Capital Partners of New York. CAF’s representative in Peru, Ricardo Campins, said the Ministry of Economy and Finance has asked the regional organization [...]

Garcia confirms natural gas discovery in Cuzco

President Alan Garcia confirmed on Friday the discovery of 1.7 trillion cubic feet of natural gas in Block 58, located north of the Camisea gas fields in Cuzco region, Radioprogramas reported. The finding was made by Brazilian state oil company Petrobras. “God has blessed the homeland,” Garcia said. “Yesterday, the Nobel Prize [for Mario Vargas [...]

Natural gas from Camisea decreases electricity costs by 30 percent

Deputy Energy Minister Daniel Cámac said Tuesday the cost of electricity in Peru has decreased by 30 percent due to natural gas production in the Camisea gas fields, located in the country’s south-eastern Amazon basin. Cámac said some companies have been able to save more than 50 percent of their production costs after switching to [...]

Camisea to supply gas to CF Industries petrochemical plant in southern Peru

CF Industries signed a $2 billion agreement Oct.13 with Peru’s Camisea consortium for the supply of natural gas for its proposed nitrogen fertilizer complex, to be built in San Juan de Marcona on Peru’s south coast. Under the terms of the agreement, signed at the government palace in Lima with President Alan Garcia, CF Industries [...]

Anchiway residents take Perú LNG natural gas camp, claim gas pipeline likely to cause irreparable ecological damage

Residents of the Andean community of Anchiway, located in Peru’s south central Department of Ayacucho, have taken Perú LNG & Techint Co.’s gas camp, and are currently keeping more than 300 workers hostage. Local farmers have also blocked off food supply to the gas camp, and have threatened to cut off water and energy supply [...]

Camisea gas contract to be revised, Peru fears inability to meet internal demand

The Peruvian government is currently reviewing the contract it signed with the Camisea Gas Consortium to permit gas exports to Mexico, now that gas reserves have been proven to be much lower than earlier reported. The current contract would seriously diminish supplies for the local market. “We began the revision on May 19,” said Minister [...]

Repsol to invest $500 million per year in Peru until $6 billion natural gas project completed

Spain’s energy giant Repsol has confirmed that it will invest $500 million per year until a $6 billion oil and natural gas project in southeastern Peru is completed, daily La República reported Wednesday. “We hope to invest $500 million every year, over the course of the next five years,” said Repsol Executive president, Antonio Brufau. [...]

Energy investment to increase electric generation

The National Society for Mining, Petroleum and Energy, Snmpe, announced a plan today to develop four projects that will increase electric generation by 770 megawatts. The president of Snmpe’s electric committee, Ignacio Blanco, told Agencia Andina the projects will require an investment of between $400 and $500 million and has a planned completion date for [...]

Camisea consortium rejects contract renegotiations

The general manager of Texas-based Hunt Oil, which is leading the international consortium responsible for exporting natural gas from the Camisea gas field, said Thursday they have no plans to renegotiate their contract with the Peruvian government in order to allot part of the supply to the country’s internal market. “We haven’t begun talks about [...]

Energy Minister to renegotiate part of energy contract with international consortium

Energy Minister Juan Valdivia announced a plan to renegotiate parts of an energy contract that will export natural gas from the Camisea gas fields, located in Peru’s south-east Amazon basin and thought to hold some of the largest undeveloped gas reserves in South America. Valdivia said they will sit down with Peru LNG, the consortium [...]

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