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 [...]

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, [...]