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Suez signs up for Camisea 3



By Upstream staff 

France's Suez Energy has signed an agreement with Peruvian state oil company Petroperu to build a $500 million pipeline to carry natural gas to the country's South.

Petroperu President Cesar Gutierrez signed an accord with Suez at the presidential palace in Lima to build the Camisea 3 pipeline, tapping Peru's giant Camisea natural gas field.

An existing pipeline carries gas from inland Camisea, reaching the Pacific Coast at the central Peruvian port of Pisco.

The projected Petroperu-Suez pipeline would pump gas from Pisco to a still-to-be-determined terminus in the south of Peru.

The first phase of the project will be six months of feasibility studies.

Petroperu also signed agreements with other companies to build an $800 million fertilizer plant and a $2 billion polyethylene plant, Reuters reported.

Both installations were expected to be built in southern Peru.


Tuesday, 06 March, 2007, 16:29 GMT  | last updated: Tuesday, 06 March, 2007, 18:42 GMT

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