Peru and Bolivia Renew Gas Agreement

Peru and Bolivia have renewed an agreement to transport gas from Tarija in southern Bolivia to a Peruvian port on the Pacific Ocean and then onwards to Mexico and the US. Peru confirmed that the participation of Bolivia is vital in the project to build a gas pipeline network from the south of Peru. Meanwhile, President Alejandro Toledo of Peru said that Peru’s own gas reserves in the southern region of Camisea are much higher than first thought. Toledo says he is keen to promote energy integration in Latin America to protect the region against the international price fluctuations of crude oil.