Peruvian Govt Evaluates Olympic Peru Proposal for Construction of Piura-Chimbote Gas Pipeline

The Energy and Mines Ministry of Peru is currently evaluating the proposal of the Peruvian gas company Olympic Peru for the construction of a natural gas pipeline, which will connect the northern department Piura with Chimbote, located in the northwestern department Ancash, the daily Andina said on December 20, 2007.

Olympic Peru plans this construction as it wants to deliver gas to industrial clients in Chimbote, mainly fishing companies. The investment value of the project has not been determined yet.

It is not clear yet when the government will take a final decision on the issue, the Energy and Mines Minister, Juan Valdivia, said.

According to data from the country's state oil sector promotion agency Perupetro, Olympic has natural gas reserves mainly in block XIII.

Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: December 21, 2007

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