Initiative will allow industries and households in regions to benefit from a substantial reduction in the price of natural gas, contributing to true economic decentralization
Comisión de Defensa del Consumidor asume compromiso por masificar consumo de gas natural peruinforma.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from peruinforma.com Daily Mail and Mail on Sunday newspapers.
Peru oil and gas industry eyes rebound
Peru’s oil and gas industry is hoping for a rebound in 2021 following a year marred by the COVID-19 pandemic, violent indigenous protests and political instability.
With oil and gas fields, and the 200,000 b/d North Peruvian oil pipeline, shut down repeatedly by social conflicts and a three-month lockdown, Peru’s government is now focused on jumpstarting its economy, which is estimated to grow 10% in 2021 following a 13% contraction in 2020.
Many of the projects on track to come on line in 2021, including three copper mines and the $5 billion Talara oil refinery expansion, are expected to spur oil imports, which currently average 150,000 b/d.