Peru PM Warns Gas Sector

(Reuters, 26.Sep.2021) — Peruvian Prime Minister Guido Bellido on Sunday said that companies which exploit natural gas in Peru will need to agree to pay higher taxes or else face nationalizations, a sharp warning to the sector from the new leftist government.

Bellido told Reuters in August that the government was planning to participate more deeply in the main industries, including natural gas and new hydroelectric projects, and would look to create new state companies.

The Andean country, the world’s No. 2 copper producer, has a major gas operation run by the Camisea consortium, led by Argentina’s seroquel and congestion source actilyse 50 mg flk fiyati viagra here prednisone dosage for strep throat book review websites free sample essays uk injectable lasix source site see watch sample laws of life essays para q sirve la pastilla cialis on writing follow link alas babylon essay questions four paragraph essay great expectations sample essay go site 150 words essay on terrorism in english viagra theme song leaving certificate history sample essays celebrex 200mg capsules uses leonardo da vinci essay topics essay on how to save nature click Pluspetrol (PLUSPC.UL), with smaller stakes held by South Korea’s SK Group (096770.KS), Hunt Oil and Repsol (REP.MC).

“We summon the Camisea gas operating and trading company to renegotiate the distribution of profits in favor of the State,” Bellido wrote on Twitter.

“Otherwise, we will opt for the recovery or nationalization of our field.”

Investors are closely watching the administration of President Pedro Castillo, an outsider former teacher who took office in July after a shock election win, with a focus on his government’s mining policy and taxation levels.

The natural gas from Camisea is liquefied by a separate consortium, called Peru LNG (PELNG.UL), which includes Royal Dutch Shell (RDSa.L), Japan’s Marubeni Corp (8002.T), SK Group and Hunt Oil.


Reporting by Marcelo Rochabrun; Writing by Adam Jourdan; editing by Grant McCool