Peru mulls role in gas sector: press
The new prime minister of Peru said in an interview published August 8 by the Reuters news service that the government is looking for a new role in the natural gas sector.
Guido Bellido, the prime minister of a nation known for the mining of metals such as copper, said the state under newly-elected president Pedro Castillo is looking to participate in natural gas and hydroelectric programmes.
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"Our feeling is that strategic sectors need to be in the hands of the government," he said. "In my opinion, natural gas is a strategic resource and needs to have government participation (as well) as new hydroelectric projects of large size."
That could be jarring for energy majors involved in Peruvian natural gas. The Camisea consortium, led by Argentina’s Pluspetrol, is the largest gas producer in the country. That gas is turned into LNG by another consortium, Peru LNG, which counts Royal Dutch Shell and others as its members.
Castillo on the campaign trail riled against private businesses for “plundering” Peru’s natural resources, from natural gas to gold and copper.
Peru’s LNG plant includes one train, a marine terminal, two storage tanks and a supply pipeline. The $3.8bn investment in the project was the largest direct private foreign development in the country when completed in 2010.
Supply for the plant is sourced from Peru’s Camisea gas fields, in central Peru, and delivered via a 408-km, 1.3bn ft³/day pipeline.