The Minister of Energy and Mines, Oscar Vera Gargurevich, announced that the Peruvian government will resume talks to renegotiate the Camisea gas contractstoday in the hands of the consortium of the same name, led by Argentina’s Pluspetrol.
In an interview with La República, the head of Minem said that this renegotiation comes from an express request that President Dina Boluarte herself made, as part of the Executive’s pending agenda to be fulfilled until the delivery of office.
“It is a point that even President Dina Boluarte has asked us. We are going to call a meeting to return to these issues. But yes, we have it on our agenda“said the minister.
In this sense, Vera Gargurevich reported that there is a “predisposition” on both sides to review the clauses with which lots 56 and 88 are operated today, settled in the province of La Convención, in the Cusco region.
Renegotiation in progress. A petrochemical plant for Peru would also imply agreeing on an affordable price for natural gas aimed at this industry. Urea, precisely, is prepared with this abundant input in Camisea, but since there is no local production, it is only imported. Photo: John Reyes Mejia/La República
Currently, the Camisea Consortium is made up of the companies Pluspetrol, Hunt Oil, SK Innovation, Tecpetrol, Repsol and Sonatrach. For its part, Perupetro is the entity responsible for negotiating hydrocarbon contracts on behalf of the Peruvian State.
“They are waved and sacramented contracts, it is a bit complex to try to renegotiate this type of agreement along the way. However, there is a predisposition on the part of the partners who manage this to be able to talk, ”he added.
Among the main aspects that have always been questioned in the Camisea contract, there is a higher income from royalties from the export of natural gas from Block 56, as well as a competitive rate for the start-up of a petrochemical plant in Peru, also recently announced by Minem after the international crisis that left the domestic market without urea.
“We would have to see what contractual terms we can negotiate, because they are international contracts. But I think there are always options to talk again, given the situation in the country and the global situation, which is complex,” the minister said.
Camisea is not only the largest natural gas field in Peru, but also provides 80% of the liquids with which LPG is produced in Peru. However, this second fuel is sold locally at international prices, while natural gas, by contract, has a regulated price and was not affected by the fuel crisis. Photo: diffusion
Source: Larepublica
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