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Peruvian gas policy at crossroads on the eve of elections

3 June — The gas industry in Peru is likely to go through changes regardless of who is elected president on 5 June.

Political clouds are gathering over Peru, the success story of the Latin American gas industry. There has been a strong rise in output over the past five years, but it has not benefited the gas producing region of the country, and on the eve of the elections populist politicians are calling their dues…

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Bolivia to profit $6 billion per year from new gas pipeline

3 June — The new 27.7 mcm/day gas pipeline between Bolivia and Argentina, Gasoducto Integración Juana Azurduy (GIJA), will bring in profits of $6 billion per year for Bolivia from 2015, the Bolivian energy ministry said on Friday…

Vopak, Enagas buy Mexican LNG terminal from Shell

2 June — Vopak, a Dutch tank storage service provider, and Enagas, the Spanish grid operator, have agreed to buy the Altamira LNG import regasification terminal on the east coast of Mexico from current owners Shell (50%), Total (25%) and…

Asia, Latin America head up global LNG demand growth – BoA Merrill Lynch

1 June — Worldwide LNG imports in March increased by 12% compared with the same month the previous year, with the strongest growth coming from Asia and Latin America, US bank BoA Merrill Lynch said in a report on Wednesday…

OGX issues $2.6 billion in unsecured notes

1 June — Brazilian independent OGX Petróleo e Gáshas issued $2.563 billion in unsecured notes to be used to fund development of its substantial natural gas discoveries.

The notes, issued on 26 May, will accrue interest at a rate…

Escobar LNG terminal set for completion in June

31 May — The 14 mcm/day Escobar LNG imports terminal in Argentina will be completed by mid-June 2011, a spokesman for private oil and gas company, YPF, confirmed.

The terminal was previously expected to be completed in May this…

Total and BP to participate in Brazil 2011 oil and gas auction

27 May — French oil and gas major, Total plans to participate in Brazil’s 11th oil and gas auction, according to Total president of E&P for Brazil, Denis Palluat de Besset.

During a conference at Latin Oil Week…