BPZ lists provisions for commercializing stranded gas off NW Peru

The main objective of BPZ Energy Inc.'s initial project in northwestern Peru is to develop natural gas reserves that until now had been overlooked and treated as "stranded" gas, because it had no commercial market.This will involve using the dry gas for power generation, to be generated by BPZ. The project will take advantage of the following existing conditions:1. Newly identified and certified reserves of gas that had been discovered in the early 1970s with a very large upside potential.2. Two usable offshore platforms with one gas-productive well each.3. Substantial demand for electric power in Peru and Ecuador.4. Multiple markets nearby for gas to be used in power generation.Finan...

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