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LatinNews Regional Monitor: Andean Group - 24 January 2017

Peru rescinds Odebrecht’s gas pipeline contract

Development: On 23 January, Peru’s energy & mines minister Gonzalo Tamayo announced the termination of a public contract with a consortium led by the troubled Brazilian engineering firm Odebrecht to build a major natural gas pipeline in southern Peru, after it failed to secure new financing for the US$5bn project.

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