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Liquefied natural gas
Peru LNG plans forge ahead, but leaky pipeline is an obstacle
THE second phase of Peru's Camisea gas and liquids project could run into financing difficulties if problems continue with the liquids pipeline linking Camisea's fields in the Amazon region to the coast. Hunt Oil, which leads the Peru LNG project, and its partners Repsol YPF and South Korea's SK, are looking for outside funding to pay for around half of the $3.2bn they need to develop the 113bn cubic metres (cm) of gas in Camisea's Block 56. This second-phase development will involve establishing infrastructure to pipe the gas and associated liquids to the Pacific coast and to liquefy 17m cm/d of gas for export to North America and possibly Chile. The facilities are supposed to be operational around the end of the decade. However, the 560 km liquids pipeline, which began operating in late 2004 following a first phase of development, has ruptured on five occasions, creating several spills for which ...Click here to continue reading Liquefied natural gas
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