Hunt Oil of Texas inaugurated its new $3.8 billion liquefied natural gas (LNG) plant at Melchorita Pampa on the Peruvian coast just south of Lima June 10, with President Alan Garcia attending the ceremony. The first shipments of LNG from the plant are scheduled to take place within the next few days, when a specially equipped tanker will set sail for a regasification plant in Baja California, Mexico.
Ray Hunt, Hunt Oil's chief executive, told Dow Jones: "This project will serve as an example to the world that Peru is a very attractive place for foreign investment. Capital can go anywhere in the world with the push of a computer button, but investment capital only goes where it is appreciated."
comment-also see...Indigenous Peoples in Peru Decry New Oil Concessions in their Amazon Territories http://www.amazonwatch.org/newsroom/view_news.php?id=2094 Peruvian President Garcia Meeting President Obama Today; Coalition Raises Serious Concerns in Letter to Obama http://www.amazonwatch.org/newsroom/view_news.php?id=2112