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Camisea: Peru receives US $ 4.3 billion from natural gas exports

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The Peruvian State, since 2010, has received an income of US $ 4.3 billion from the export of natural gas from Camisea, coming from the Amazon of Cusco, said representatives of the Camisea Consortium.

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In this regard, the economist Elmer Cuba, partner of the Macroconsult consultancy, explains that the benefits of natural gas shipments abroad also had a positive impact on the trade balance.

“For every dollar that has been exported from Camisea, two dollars have been saved in imports by substituting what we would have bought from abroad if the Camisea project had not existed,” he says.

Likewise, it points out that together with private investment and fiscal transfers, natural gas exports also contributed to the creation of jobs for more Peruvians.

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In this sense, a report by Macroconsult reveals that for every direct job that is generated in the extractive industries, an additional six are created in the Peruvian economy. In the case of Camisea, 30,000 direct and indirect jobs were created between 2004 and 2019.

It should be remembered that Camisea produces 1,600 million cubic feet of natural gas per day, of which 600 million are destined for internal consumption and the same amount for export. In addition, 400 million cubic feet are reinjected into the subsoil because the necessary infrastructure, such as pipelines and pipes, does not exist to take it to the entire country

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