Exploration, extraction, and transport activities have led to degradation and conversion of critical natural habitats
| Location |
Peru
|
| Total Cost |
US$135.00 million
|
| Dates |
2003
–2005 |
| Status |
Completed
|
On September 10, 2003, the Inter-American Development Bank (IDB) approved a US$135 million loan towards completion of Peru’s Camisea Natural Gas project, the first major gas development initiative in the Peruvian Amazon. The project is a public-private partnership, and is being executed by a consortium of multinational companies under the supervision of the Peruvian government. The original project involves the construction of four initial drilling platforms in the Lower Urubamba Valley of the Peruvian Amazon, two pipelines for transportation of natural gas and liquid natural gas to the Peruvian coast, and a natural gas distribution network and export facility in Lima and Callao.