12.12.2016, 18:59
Strike looms at Peru’s Camisea gas operations
OREANDA-NEWS. Workers at Peru's principal natural gas and liquids operations threatened to strike over the weekend after month-long contract talks with the Camisea Consortium broke down on 9 December.
Contract talks began 9 November, with the union asking for wage increases and greater revenue-sharing participation for workers.
The union represents upstream workers at gas-producing blocks 56 and 88 in the southeastern jungle and downstream workers at a fractionating plant in the coastal city of Pisco.
A strike would have a major economic impact on Peru. Camisea gas is used to generate approximately 45pc of Peru's electricity, and gas liquids from the project provide feedstock for LPG production. The Pisco fractionating plant, located 200kms (120mi) from Lima, produces 1.56mn t/yr of LPG, which covers approximately 80pc of local demand.
Camisea also supplies the 4.4mn t/yr Peru LNG plant, South America's only export-oriented liquefaction complex. Peru LNG ships around two thirds of its production to Mexico under an agreement with state-run utility CFE. The remaining LNG is sold on the spot market. Peru LNG has sent out 368 shipments since it started operations in June 2010.
Camisea's two blocks average 1.1bn ft3/d (30.8mn m3/d) of gas, out of total national production of 1.4bn ft3/d. They also produce an average of 82,500 b/d of gas liquids out of a nationwide total of 93,500 b/d of gas liquids.
The Camisea Consortium is led by Argentina's Pluspetrol with a 27.2pc stake, and includes US firm Hunt Oil (25.2pc), South Korea's SK Innovation (17.6pc), Argentina's Tecpetrol (10pc), Algeria's Sonatrach (10pc) and Spain's Repsol (10pc).
Contract talks began 9 November, with the union asking for wage increases and greater revenue-sharing participation for workers.
The union represents upstream workers at gas-producing blocks 56 and 88 in the southeastern jungle and downstream workers at a fractionating plant in the coastal city of Pisco.
A strike would have a major economic impact on Peru. Camisea gas is used to generate approximately 45pc of Peru's electricity, and gas liquids from the project provide feedstock for LPG production. The Pisco fractionating plant, located 200kms (120mi) from Lima, produces 1.56mn t/yr of LPG, which covers approximately 80pc of local demand.
Camisea also supplies the 4.4mn t/yr Peru LNG plant, South America's only export-oriented liquefaction complex. Peru LNG ships around two thirds of its production to Mexico under an agreement with state-run utility CFE. The remaining LNG is sold on the spot market. Peru LNG has sent out 368 shipments since it started operations in June 2010.
Camisea's two blocks average 1.1bn ft3/d (30.8mn m3/d) of gas, out of total national production of 1.4bn ft3/d. They also produce an average of 82,500 b/d of gas liquids out of a nationwide total of 93,500 b/d of gas liquids.
The Camisea Consortium is led by Argentina's Pluspetrol with a 27.2pc stake, and includes US firm Hunt Oil (25.2pc), South Korea's SK Innovation (17.6pc), Argentina's Tecpetrol (10pc), Algeria's Sonatrach (10pc) and Spain's Repsol (10pc).
Комментарии