Exploration & Production

Ecuador looks to Peru for gas imports

Ecuador plans to import gas from neighbouring Peru to bail itself out of a deficit. But Quito’s scheme is too little, too late Ecuador plans to import gas from neighbouring Peru to bail itself out of a deficit. But Quito’s scheme is too little, too late.
By Chris Noon 23 August 2018 0 32270
An oil production facility in Ecuador. (PA)

Ecuador, the country with the third-largest oil reserves in South America, is facing a gas deficit that has forced it to consider imports from neighbouring Peru. However, Quito will need to accelerate its plans to limit the difficulties for Ecuador’s modest gas-to-power sector. 

Petroamazonas, the oil production arm of state-run Petroecuador, warned earlier in August Ecuador could have a deficit of around 1.42 million cubic metres per day (MMcm/d) within five months. 

The company said Ecuador’s gas demand would reach 2.55 MMcm/d at the...