Among President Pedro Pablo Kuczynski’s key pledges in the 2016 election campaign was the “massification of natural gas” to serve residents and industrial users across southern Peru. Another feature of Peru’s policy focus is to diversify gas exports, including the potential renegotiation of the country’s liquefied natural gas (LNG) contract...
The mining sector can be described as one of the main engines of the Peruvian economy as it accounts for 12% of total GDP. It creates direct employment for 174,000 workers and indirectly accounts for another 1.5m jobs. In 2016 mining exports totalled $23.8bn – 65% of the country’s total merchandise exports.
Copper production in Peru is on an upward trend. As a result of a big expansion in output in 2015, Peru overtook China to become the world’s second-largest copper producer. That increase was mainly due to new capacity at the Las Bambas project, owned by Chinese-Australian company MMG, and at the Cerro Verde mine, controlled by Freeport-McMoRan...
As part of ongoing energy reforms, Mexico’s authorities aim to reduce costs, protect the environment and develop power sector infrastructure by stimulating competition in electricity generation and transmission, while the National Centre of Energy Control (Centro Nacional de Control de Energía, CENACE) maintains control of transmission by...
Announced in 2013, Mexico’s energy reforms were the centrepiece of President Enrique Peña Nieto’s strategy to revitalise the national economy and reverse the decline in hydrocarbons production that has been in evidence over the past decade. Central to these efforts was ending the monopoly of Petróleos Mexicanos (Pemex) on the exploration,...
Recent reforms have opened up Mexico’s energy markets with the promise of greater levels of investment, more competition and stronger economic growth. For these benefits to realise their maximum potential and reach all regions of the country, it is essential that infrastructure of sufficient quantity and quality is put in place.
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