Promigas Perú reported that it has growth plans for 2024, after accumulating –up to last year– a total investment of US$470 million in the expansion of natural gas in the north of the country.
Miguel Maal, the company’s general manager, announced an investment of more than US$50 million for this year, aimed at continuing the expansion of the natural gas infrastructure, and with which it will accumulate investments of US$520 million.
The estimated amount for 2024 will allow more homes to benefit from natural gas to be added to the 300,000 homes already served by Quavii, a Promigas company. Of this total, 270,000 are located in the regions of Lambayeque, Cajamarca, La Libertad and Ancash, and 30,000 in Piura.
The expansion also includes 100 already connected industries and the operation of seven natural gas stations to serve the mobility sector. This year, the company plans to incorporate 30 new industries into the natural gas system and continue to expand in the vehicle market, with the opening of up to 8 additional CNG stations.
Since the start of its operations, the company has far exceeded the commitments made to the Peruvian State in terms of natural gas connections. To date, the company has positively impacted 1.2 million people.
In the Piura concession, it has laid a 300-kilometer steel gas pipeline during the pandemic, achieving early operations in 2021 and completing it in 2022.
“The region has been longing for natural gas for 20 years, and now we have 30,000 customers,” said Miguel Maal, general manager of Promigas Peru.
Regarding the Northern Concession (La Libertad, Ancash, Cajamarca and Lambayeque), started in 2017, although it is the most important advance in the massification of natural gas, outside the capital of Peru, the director indicated that
“We have far exceeded the commitments we had made with the State in terms of the number of connections. There were 150,000 homes and we have 270,000. However, the main challenge we have faced has been the lack of competitiveness of the final rates, which in some cases are 60% higher than in Lima and Callao,” he explained.
Levelized gas tariff for all Peruvians
Despite this progress, in order to continue growing in the energy sector, the general manager of Promigas Peru considered the implementation of a national level tariff with scope for all regulated customers to be essential.
He explained that the country “needs to establish a scheme that has a double impact. First, so that all customers pay a natural gas rate similar to that applied in Lima and, secondly, that it provides the conditions for greater investments in natural gas distribution infrastructure, so that access to this basic service is democratized.”
“This will allow the necessary infrastructure to be developed, gradually eliminating the compensation mechanism as the market grows,” he said.
Source: Larepublica
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