Energy & Utilities

The exploitation of the Camisea natural gas field has attracted investors to Peru and caused the country to look more closely at the potential of its hydrocarbons industry. The government has also turned its focus to oil production, with state-owned energy company Petroperú stating it hopes to triple oil production over the next four years and thereby turn Peru from a net importer of crude to a net exporter. The country is also adding hydroelectric generating capacity with private investments, thereby bringing electricity to more rural areas. While the government is obviously dedicated to developing its energy sector, it also must address a number of social conflicts – which involve the effects of hydrocarbons projects on indigenous populations, as well as environmental concerns. This chapter includes an interview with Jorge Merino Tafur, Minister of Energy and Mines.