Now, after two years and $250m in exploration costs, a Shell-Mobil consortium has told him it will not go ahead with developing Peru's huge Camisea gas field. This may well not be the last word ...

In August 2004, Peru’s then-president, Alejandro Toledo, inaugurated the long-awaited Camisea project. Named for the river adjacent to the natural gas reserves now being piped more than 700 ...

LIMA, July 16-- Drilling has started on the first of four development wells planned for the Camisea natural gas project. The timetable is to drill four wells to depths of more than 2,000 m in the ...

But to Peru the news that Royal Dutch/Shell wanted to delay a decision whether or not to go ahead with the potentially giant Camisea gas field came as an earthquake. For Peru these days—through ...