Peru's investment portfolio of hydrocarbon projects for the 2018-2019 period totals US$21.708 billion, said EY Energy Leader Partner in Peru Beatriz De la Vega.
This sum of money covers upstream, midstream, and downstream projects valued at US$8.765 billion, US$5.3 billion, and US$7.443 billion, respectively.
The range of investments for the years 2018 and 2019 (US$21.708 billion) has increased from that of the 2017-2018 period (US$21.378 billion).
"The portfolio has changed because we included the natural gas massification project in the center for seven regions, which is around US$350 million; that is the newest (investment). The amounts of already-mapped investments have also changed," she told Andina news agency.
She went on to say the portfolio may increase with studies for a new liquefied natural gas plant in southern Cusco region, in addition to that of
Pampa Melchorita.
On the other hand, De la Vega explained that an important component of the country's foreign direct investment (FDI) in 2017 (US$25.684 billion) is linked to the energy sector.
"In the case of
hydrocarbons, we have an interesting investment of US$680 million in the entire value chain and of US$3 billion in the energy sector. This is not a negligible amount, but I think the sector has chances to grow even more," she concluded.
(END) MDV/RMB/MVB
Published: 6/6/2018