Mining & Energy | July 22, 2011 [ 10:09 ]
Peru approves plans for Camisea pipeline expansionLivinginPeru.com
| Camisea gas (Photo: Andina/Archive)
The plan was presented by the Transportadora de Gas del Peru group (TgP), who plans to build two new lines, parallel to the existing ones, to bring more natural gas from Cusco to Lima.
According to the article, published in Andina, the project carries with it an investment of about $600 million.
The expansion project would increase transport capacity to 1.2 billion cubic feet per day of natural gas, according to the Ministry of Energy and Mining.
The Camisea pipeline, which carries gas from the Camisea field, in the province of Cusco, to the Peruvian coast, currently transports 500 million cubic feet per day.
The expansion of the pipeline will help meet growing domestic demand for natural gas, which has risen sharply in recent years. According to experts, the swell in demand is due to increased use by local industry and vehicular transportation.
Peru’s mining industry - the second largest producer of copper and silver, in the world – also requires natural gas for its operations.