Gas in Peru

Gas Production11.3Mtoe per year

Amount in place2.3thousand Mtoe

Gas Recoverable Reserves373Mtoe

Although Peru’s proved natural gas reserves are relatively small based on a global scale, they are still one of the largest natural gas reserve holders in South America. Peru had 426.1 bcm of proved natural gas reserves as of 2014, which gave them the third largest total in South America. The majority of Peru’s proved natural gas reserves and natural gas production are a result of their Camisea field.

Peru has achieved substantial and sustained natural gas production growth in recent years. Peru produced 12.9 bcm of natural gas in 2014. This marked the country’s 14th consecutive year of natural gas production growth. Additionally, this 2014 level of natural gas production was drastically higher than Peru’s production level of 3.5 bcm just five years prior in 2009.

Peru’s consumption of natural gas has also seen significant increases in recent years as well. Peru consumed 7.2 bcm of natural gas in 2014, which was more than double the country’s natural gas consumption as recently as 2009. Furthermore, natural gas’s importance in Peru’s primary energy mix has also increased. Natural gas was responsible for 28.2% of Peru’s primary energy mix in 2014.

Peru has also established themselves as an important natural gas exporter via LNG. Peru first became an exporter of LNG when their Melchorita plant became operational in 2010. Peru exported 5.7 bcm of LNG in 2014. Of this total, 4.3 bcm went to Mexico, which made them the largest importer of Peruvian natural gas.

Note

Gas data represents natural gas only, for unconventional gas please refer country notes within the WER 2013 report gas chapter.