Camisea Natural Gas Project | Bank Information Center: Monitoring the projects and policies of the World Bank, IMF and other international financial institutions


bicusa.org/ Problem Project Camisea Natural Gas Project BIC is no longer actively working on this project. Overview Concerns Updates Resources Contacts RSS Press Clipping \| 9 September 2010 Peru hikes Camisea gas reserves for third time in 15 months Perupetro, Peru's oil and gas licensing agency, said Monday that recoverable natural gas reserves from the blocks 88 and 56 in the giant Camisea field stand at 13.8 Tcf -- higher than two previous estimates released by the government in the last 15 months. Read more Press Clipping \| 1 September 2010 Kuntur raises cost estimate for Peruvian pipeline venture Kuntur Transportadora de Gas SAC said two pipelines it plans to construct in southern Peru will cost about $3 billion—twice the amount of earlier estimates. Read more Press Clipping \| 9 August 2010 REDD Alert: Lessons from Peru's Camisea Pipeline Project Can forest-rich countries learn from the mistakes of extractive projects and avoid unleashing their own resource curse? Read more Update \| 17 June 2010 BIC co-publishes report on natural gas project in Peru The Camisea natural gas project in Peru was promoted as a means of turning Peru's natural wealth into development for its residents, but years later social and environmental problems persist. Read more Press Clipping \| 12 May 2010 Gas shortages will be felt around the country An investigation by Derecho, Ambiente y Recursos Naturales (DAR) reveals that from 2002 to 2009 Peruvian household utility customers financed the construction of TGP ducts. Read more Press Clipping \| 25 October 2009 Proinversión oks auction for hydroelectric energy purchase On October 12, the Agency for Promotion of Private Investment (ProInversión) approved contract bidding for purchase of energy from hydroelectric centers, which are expected to begin supply between 2013 and 2015, stated Executive Director Cayetana Aljovín. Read more Press Clipping \| 25 October 2009 Camisea partners meet with Alan García Investors promise to address the growing demand for gas in Peru. Read more Press Clipping \| 25 October 2009 Peru Energy Minister Does Not Convince Congress on Gas Shortages The Minister was questioned by Congress on persistent complaints about a gas shortage on the local market. Now the Minister claims that there are 15 TCF in gas reserves, which will supply the internal market for a period of up to 27 years. Read more Update \| 8 October 2009 World Bank and Camisea: A Missed Opportunity The problems of the Camisea I project should be more carefully examined before the IFC approves another $300 million loan in February for the Camisea II project. Read more Update \| 8 October 2009 IFC Board Approves Gas Investment to Support Economic Growth in Peru Read more Press Clipping \| 17 August 2009 Peru will renegotiate the Camisea gas contract Peruvian government will negotiate directly with the companies. Specialists said they should also review the export tariffs. Read more Press Clipping \| 13 August 2009 Irregularities with Camisea Gas In the midst of a possible energy crisis en Peru over the coming years, increasing criticism of exports of as much as half of the Camisea gas reserves requires greater attention Read more Press Clipping \| 9 August 2009 Camisea lacks capacity to supply Peru's domestic needs Read more Update \| 20 July 2009 Peru renegotiating the canon contracts for Camisea The contract permits the export of gas at a price that is lower than the gas directed to the local market. The Government has initiated a new request to renegotiate the contracts and also seeking to limit the gas from Lot 88 for domestic use only. Read more Press Clipping \| 16 July 2009 Camisea and Peru LNG: conflict of interests A little known fact is that the majority owners of Lot 88 and Lot 56, which produce gas from Camisea, as well as the hydrocarbon liquids, are the same majority owners of the Peru LNG consortium, which is the entity that buys the Camisea gas and exports it. Read more Update \| 10 July 2009 Camisea canon impact falls short The increase in infrastructure investment does not represent a substantial impact in terms of poverty reduction among the affected populations of the Camisea Natural Gas Extraction Project in Cusco, Peru. This was one of the primary conclusions of a study conducted by Propuesta Ciudadana, with the support of Oxfam America, Bank Information Center and World Resources Institute. Read more Press Clipping \| 6 July 2009 Chavez seen behind unrest in Peru: U.S. backed president pressured by protesters QUILLABAMBA, Peru \| A national strike by thousands of rain-forest Indians is spawning accusations of a proxy war involving Venezuela and an emboldened peasant movement seeking to undermine Peru's pro-U.S. president. Read more Press Clipping \| 29 May 2009 Peru: energy crisis and the failure of the free market Camisea not resolving Peru's domestic energy needs Read more Press Clipping \| 22 May 2009 Peru: Camisea has not guaranteed enough energy to sustain growth Read more Update \| 28 October 2008 El BID financia una refinería de petróleo en Colombia Este megaproyecto de $800 millones destaca una vez mas que las grandes inversiones en energía no-renovable y “sucia” parecieran ensombrecer y contradecir las relativamente mas pequenas y dispersas actividades del BID dedicados a frenar el cambio climatico. Read more Update \| 13 December 2007 Loans to Hunt Oil’s Peruvian fossil fuel project challenged A high level delegation of indigenous, civil society and Parliamentarian leaders from Peru are in Washington, DC to lobby against the expected vote on public loans for the Peru LNG natural gas liquification plant. The delegation argues that by approving the project, the Inter-American Development Bank (IDB) and the Ex-Im Bank and the International Finance Corporation (IFC), would breach their own social and environmental safeguards. Read more Update \| 11 June 2007 Environmental and Social Impact Assessment of the IDB Omits Damages to People and the Environment Negative impacts of the Mega project Camisea were reveled during the inquire of Civil Society organizations about the Environmental and Social Impact Assessment comissioned by the IDB. Read more Update \| 23 May 2007 Environmental and Social audit of the Camisea project The Inter-American Development Bank announces the results of the environmental and social audit of Camisea project, together with the analysis of the pipelines integrity. Read more Update \| 3 March 2006 Independent Report alleges IDB-backed Camisea project was rushed Read more Update \| 13 May 2005 Camisea Project Update: A Project without an End. Read the latest updates about the Camisea Gas Project: find out about the planned project expansion and learn more about where the royalties are really going. Read more Update \| 10 March 2005 Independent Monitoring Mechanism to be established for Camisea Peruvian civil society met with the Inter-American Development Bank in Lima on March 2 to present their plan for a Camisea Gas Project independent monitoring mechanism. Read more Update \| 13 April 2004 Camisea becomes focus of media attention at March 2004 IDB Annual Meetings The Camisea Gas Project, approved by the IDB’s Private Sector Department (PRI) in September 2003, was the focus of intense campaigning and advocacy at this year’s annual meeting. Read more Correspondence \| 1 December 2003 BIC Letter to the IDB Board of Executive Directors, Camisea Project Read more Print Email

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