With fossil fuels providing 72% of all energy used in Peru, it is key for the national government to promote the development of the hydrocarbon sector to prevent an energy crisis.
. Scandal embroiled leftist president Pedro Castillo, who sought to upend the conservative establishment and decades of neoliberal economic policy, was ousted from office after attempting to dissolve congress in an attempted coup. Shortly after Castillo was arrested while fleeing to the Mexican embassy for asylum, he was charged with conspiracy and rebellion.
of choice for a global economy trying to rapidly decarbonize, but it plays a key role in Peru’s energy mix with it being an important fuel for the Andean country’s households. This is allowing Peru to take advantage of Europe’s energy crisis and the resultant higher natural gas prices by ramping up liquefied natural gas exports. According, there were 46 LNG cargoes exported during the first 11 months of 2022, of which 28 were destined for Europe.
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