Updated Saturday, November 7, 2009 1:45 pm TWN, AP

Brazil's Petrobras makes big natural gas find: Peru

LIMA -- President Alan Garcia says Brazil's state-run Petrobras has found at least 1 trillion cubic feet of natural gas in Peru's jungle, enough to ensure the Andean country's gas supply through 2050. But Garcia says final confirmation of the find is still pending.

Nobody at Petrobras' offices in Lima was available to confirm the find on Thursday.

Garcia says state oil officials estimate there are up to 5 trillion cubic feet of gas in Petrobras' Lot 58 in central Cuzco province.

The block is adjacent to the Camisea natural gas fields and pipeline, operated by an international consortium headed by Argentina's Pluspetrol SA.

Peru has opened 75 percent of its Amazon jungle to exploration.

Subscribe to The China Post and save 25%. Click here

Share

Print

Email

Americas Breaking News

Updated Saturday, November 21, 2009 2:50 pm TWN
▪	Geithner 'confident' China will ease peg
▪	U.S. lawmakers threaten China with sanctions over currency
▪	U.S. newspaper ad revenue drops 28%
▪	Leading economic indicators signaling slow U.S. growth
▪	U.S. housing recovery set back to 2010

Most Read

▪	ROAD PROJECT BEGINS
▪	TES embraces renewable energy
▪	Strong Asia presence at Saint Laurent auction
▪	China says 42 dead, 66 trapped in mine explosion
▪	17 arrests in soccer match-fixing probe: police

Sponsors
▪	Get Car Hire Asia, Thailand, Middle East, Cyprus, Dubai, USA
▪	Business Directory