Sempra International – a subsidiary of Sempra Energy (SRE) – has issued a statement about its possible participation in the approximately US$6.5 billion Gasoducto Sur Peruano (GSP) natural gas pipeline project currently under development in Southern Peru.
Sempra International distributes energy and operates in competitive markets across both North and South America. Its subsidiaries develop, build and operate energy infrastructure assets and distribute energy resources in Mexico, Chile and Peru.
The company stated: “Negotiations have terminated without an agreement. Despite significant efforts, the Peruvian government expressed its inability to provide necessary assurances that the concession would not be cancelled due to alleged legal violations by the seller or its affiliates. As a consequence, a fundamental condition that was required for us to consider entering into final and binding agreement was not satisfied."
Read the article online at: https://www.worldpipelines.com/contracts-and-tenders/24112016/sempra-provides-peru-pipeline-update/