Camisea bid deadline is extended one more time

Bidders interested in developing Peru’s massive Camisea gas fields will have more time to submit their proposals for the $3-billion project. At the request of prospective investors, Energy and Mines Minister Jorge Chamot moved the bidding deadline for gas transportation and distribution work from Dec. 14 to Jan. 25, setting the concession award for Jan. 28. He also extended the deadline for bids on gas production from Jan. 18 to Feb. 15, scheduling the concession award for Feb. 18. The move marks the fourth time this year the government has rolled back bidding deadlines for development of Camisea, a natural gas field that contains 13 trillion cubic feet in proven reserves and underlies pristine tropical rainforest. But Chamot says this will be the last... [Log in to read more]

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