Natural gas rules for Camisea project set

09/27/1999
Peru has passed a detailed set of natural gas regulations under its Law for the Promotion and Development of the Natural Gas Industry that essentially sets the rules for the massive Camisea natural gas project.The regulations confirm that the government will regulate tariffs for the sale of gas and the cost of transportation and distribution through the Energy Tariffs Commission (CTE), which regulates electricity tariffs.Peru's new regulations dictate that all gas sales will be made at the reception point-the location where the producer delivers to the transporter the gas required by the users of the network. This can be either the wellhead or the "production inspecting point."CTE als...
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