Peru faces wait for IDB gas project loan

The Inter-American Development Bank said on Sunday that new financial support for the controversial Camisea natural gas project in Peru would be dependent on the completion of environmental and technical audits.

The bank is under fierce pressure from environmental non-governmental organisations concerned about the project’s impact on the Amazon jungle and its indigenous population, following five spills of liquid gas during the first 18 months of the pipeline’s operation. The most recent of the spills occurred last month.

Financial Times