LIMA: Peru's new Prime Minister Guido Bellido said that the state plans to participate in key industries, including natural gas and new hydroelectric projects, under a new leftist administration. Unlike Castillo, Bellido is a longtime member of Free Peru and defines himself as a socialist. "In my opinion, natural gas is a strategic resource and needs to have government participation (as well) as new hydroelectric projects of large size," he added, specifying that the mining sector of the world's No. Bellido's intent to have the government participate in natural gas could have significant implications for the Camisea consortium, the largest fuel producer in Peru. That natural gas is then liquefied by a separate consortium, called Peru LNG, which includes Royal Dutch Shell, Japan's Marubeni Corp, SK and Hunt.


Source:   The Star
August 08, 2021 22:51 UTC