Peru discovers new gas reserves
www.chinaview.cn 2009-11-06 09:31:54   Print

    LIMA, Nov. 5 (Xinhua) -- Peruvian President Alan Garcia said on Thursday Peru has found a new gas field, which has a reserve of quintillion cubic feet, enough to guarantee the country's energy demand till 2050.

    "This early morning I was told, directly from the jungle, that we could confirm that in Field 58, we have found a great amount of gas," Garcia said, adding he was waiting for more details.

    "Apparently, there is more than 1 quintillion cubic feet of gas in the first well, and it is one of five wells or structures. We can say that we have made a big jump in energy security, in the production capacity of our country beyond the year 2050," Garcia told reporters.

    "This will be extraordinary news because it means adding tens of billions of U.S. dollars to the assets of Peru and this will bring more trust, more investment, big and small, in our country," Garcia said.

    Garcia said Peru has retrievable reserves in Field 56 for 2.5 quintillion cubic feet, plus the reserves of more than 9 quintillion cubic feet in Field 88 and the other 2 quintillion cubic feet in Field 57, which makes a total of almost 15 quintillion cubic feet.

    Garcia added that these resources will be used for houses, vehicles, the mining industry, petrochemical and gas export.

    Currently, Peru has some 14 quintillion cubic feet of gas in Camiseca, in Peru's southern Cusco department.

Editor: Deng Shasha
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