Peru's Camisea project faces new possibilities, significant questions

Click here to enlarge imageThe long, checkered past of Peru's Camisea natural gas exploration and development project-regarded to be of critical importance to that country's economic future-may be entering into a "new era of possibility," according to Wood Mackenzie Consultants Ltd., Edinburgh, in a recent report. However, a "significant" number of questions surround the viability of Camisea development, the analyst noted.Chief among these questions is the status of Peru's overall demand for gas, despite the country's intentions to build at least 10 new gas-fired power projects before 2005, said the analyst.Additionally, Wood Mackenzie draws at least one similarity betwe...

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