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  HOME | Peru

Camisea Paid Over $1.3 Billion in Royalties to Peru in 2013

LIMA – The Camisea consortium developing Peru’s largest natural gas fields said Monday it paid royalties exceeding $1.3 billion in 2012.

The consortium said in a statement that it paid the Peruvian government a total of $110.1 million in December, adding that since operations began in 2004 royalty payments have totaled some $6.2 billion.

Regional and local governments in the Cuzco region, where the Camisea reserves are located, received half of that total – or around $652 million – last year, the consortium said.

The Camisea fields hold some of the largest gas reserves in Latin America, with a proven volume of 8.7 trillion cubic feet.

The Camisea consortium is made up of several companies, including Spain’s Repsol.

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