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Upstream investors unsettled by Humala win in Peru

Peru’s oil and gas industry must wait to see if President-elect Humala follows up on his promises of radical energy-sector reform

Left-wing nationalist Ollanta Humala’s victory in Peru’s presidential election has brought uncertainty to the country’s energy industry. Investors fear he will make good on a radical election-campaign promise to halt exports of natural gas. The former army commander previously pledged to cease exports from the country’s Camisea gasfields, saying Peru was “wasting” its natural resources. “When domestic demand for natural gas is catered for, we can justify exporting the surplus,” says Humala’s manifesto. “We are wasting the opportunities that Camisea’s gas can bring.” Guiding role Humala added the country’s upstream regulator, Perupetro, will play a “guiding” role in deciding if any Camisea

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