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 [...]

BPZ Energy announces multi-million investment plan

The president of Texas-based BPZ Energy announced a plan today to invest $215 million in hydrocarbon exploration and production in Peru this year. Manuel Zúñiga said the investment will be used to drill new wells and further develop the four blocks where they are currently operating, Agencia Andina reported.

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 [...]

IFC approves multi-million loan for Peru LNG

The World Bank’s International Finance Corporation, IFC, approved a $300 million loan on Tuesday for Peru LNG, the second phase of the Camisea natural gas export project requiring a total investment of $3.8 billion, the largest foreign direct investment in Peru’s history. The project has already received funding from the U.S. Export – Import Bank, [...]