Peru hydrocarbons watch

Monday, October 17, 2016

Enagás Internacional and Carmen Corporation reached an agreement to jointly acquire International Power's 2.96% stake in Peru hydrocarbons transporter TGP for US$65mn.

Carmen is a subsidiary of Canada Pension Plan Investment Board (CPPIB) and International Power belongs to Engie.

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The transaction is subject to the possible right of first refusal by other shareholders, said Enagás, which added that "as a result of this acquisition, the shareholder structure of TGP will be: CPPIB Group 49.88%; Enagás Internacional 28.94 %; and Sipco Peru Pipelines Corporation 21.18 %."

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State oil company Petroperú reported an attack on its Norperuano oil pipeline near the community of 6 de Julio in Laguna district, Loreto region.

CREDIT: Petroperú

The incident is the second in less than a month for the embattled pipeline which authorities expect will come back online in four to five months.

ALSO READ Peru industry intensifies lobby amid oil, gas output dip


On the permitting front, Peru's environmental certification service for sustainable investments (Senace) said it received an EIS for a US$30mn development and production facilities project at block 131 planned by Cepsa.

And in a letter to the culture ministry's indigenous peoples rights department, the energy and mines ministry's energy environmental affairs department reiterated a request for a technical opinion regarding Petolifera Petroleum's EIS for a project to acquire 2D seismic and drill exploration and confirmation wells at block 133.

ALSO READ Peru upstream contract count falls to new low