Peru’s Prime Minister threatens to nationalize vital Camisea gas field

Camisea produces 92% of Peru's natural gas, which allows the generation of more than 40% of the electricity consumed at the national level.

RIO DE JANEIRO, BRAZIL - Peru's Prime Minister, Guido Bellido, threatened this Sunday (26) to nationalize the Camisea gas field if the consortium formed by Argentina's Pluspetrol, Spain's Repsol, and U.S. Hunt Oil, among other companies, refuses to "renegotiate" the distribution of benefits in favor of the State.

In a message published in the social network Twitter, Bellido assured that the government is summoning the consortium to agree to deliver a more significant share to the state of the profits obtained from the sale of gas from one of the largest gas fields in Latin America.

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