Exploration & Production

Weak demand hits Peruvian production

Production from Peru’s two key gas blocks has slumped by around 15% in 2017 amid tepid demand from the local market and Peru LNG Production from Peru’s two key gas blocks has slumped by around 15% in 2017 amid tepid demand from the local market and Peru LNG.
By Chris Noon 10 August 2017 0 27130
A jetty at Peru's Camisea project. (Repsol)

Gas output from Peru’s two key producing blocks has been declining because of limp demand in the country, the Argentine operator of the concessions has told Interfax Natural Gas Daily.

Average monthly production from the Pluspetrol-operated Blocks 56 and 88 – which accounted for nearly 86% of Peru’s gas output last year – fell by 9.9% and 18.2% respectively between January and May 2017 compared with the full-year figure for 2016. This amounts to a combined fall of around 15% for both blocks. 

“Production...