Peru Approves Environmental Study For Perenco Pipeline
Author: Caroline Stauffer
Peru's government on Friday green-lighted Anglo-French oil and gas producer Perenco's $359 million plan to build and operate a gas pipeline in the Maranon Basin, saying an environmental impact study had been approved.
The 207-km (128.6-mile) pipeline will be located in block 67 and will extend 30.2 km (18.8 miles) inside the Pucacuro protected area in northern Peru, the country's Ministry of Energy and Mines said in a statement.
The ministry on Thursday had approved an environmental impact study for the TGP consortium's nearly $600 million plan to expand a gas pipeline.
President Alan Garcia's government, which leaves office on July 28, has broadly promoted foreign investment in Peru's vast mining sector and in its burgeoning energy sector. His policies have angered environmental groups and indigenous communities.
The fast-growing economy is seeking to meet a growing domestic energy demand which has risen sharply in recent years.
(Editing by Lisa Shumaker)