Global Processing

Brazilian companies invest in Peru’s developing natural gas sector

April 27, 2012

BRASILIA, Brazil — Three of Brazil’s leading petrochemical firms are investing heavily in Peru’s natural gas sector as the country prepares to build a new pipeline and petrochemical plants, Bernama.com reported.

Petrobras national corporation said it expects to find between 8 trillion and 10 trillion cubic feet of natural gas in two Peruvian petroleum lots.

Odebrecht, a construction firm, said it would invest $5 billion, more than the $3 billion originally planned, in a 1,000 km pipeline from the Camisea gas fields to southern Peru that will feed petrochemical plants like Braskem''s $3.5 billion project.