Landmark Investment in Peru's Gas Sector

IFC and partners have recently signed a financing agreement for Peru LNG, a liquefied natural gas export project that will support economic growth in some of Peru's poorest regions. This deal marks the largest foreign direct investment in the country's history.

IFC's $300 million investment, the largest for its own account in Latin America to date, will support Peru LNG's efforts to enhance opportunities for local businesses, helping raise incomes and job prospects. IFC will also advise Peru LNG to help optimize its environmental approach and ensure that local communities benefit.

The project is expected to make Peru a net gas exporter after operations begin in 2010.

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For more information contact:

In Washington, D.C.: Hannfried von Hindenburg Phone: +1 (202) 458-5613 E-mail: hvonhindenburg@ifc.org

In Lima, Peru: Clara Ugarte Perrin Phone: +51-1-611-2521 E-mail: cugarteperrin@ifc.org