Camisea Consortium ratifies it will invest US $1.9 billion dollars in Peru

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LivinginPeru.com
Isabel Guerra

The Camisea Consortium ratified to President Alan García its commitment to invest US $1.9 billion dollars to carry out exploration, increasing their production and capacity to transport natural gas, said Daniel Guerra, Manager or Institutional Relations.

He said that those investments are scheduled until the year 2012, and that the current gas reserves have been calculated in 14 trillion cubic feet, while the proved ones are 8.8 tcf.

Guerra stated that they are working to increase the reserves, by exploring block 56, and by enlarging their plants in Malvinas, Pisco, and the capacity of the pipeline.

“Our commitment is reaching 2012 producing 1,580 million cubic feet per day,” he said.

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