Peru inks deal for gas pipeline assets

Thursday, October 12, 2017

Peru's energy and mines ministry signed a contract with concessionaire Gasoducto Sur Peruano (GSP), whose contract for the southern natural gas pipeline was revoked in January, whereby GSP will return the project assets to the state.

In May, energy and mining investment regulator Osinergmin awarded Bogotá-based Estudios Técnicos the contract to administer the assets until a new developer is hired.

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Under the agreement, GSP and Estudios Técnicos have seven calendar days to establish a timetable for the return of the assets within a maximum of 45 calendar days, the ministry said in a statement.

GSP also submitted the engineering studies for the project, which investment promotion agency ProInversión will use to help evaluate the best technical and economic alternatives in the process to seek a new concessionaire.