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Article

31 Jul 2006

Author:
Emad Mekay, Inter Press Service

Bank Signals More Funds for Problematic Pipeline [Peru]

Critics of a controversial pipeline in the Amazon rainforest that has ruptured five times since its inception in 2004 are dismayed that the main public funder of the project is on the verge of giving more money for its second phase despite earlier promises to await the results of audits probing the pipeline's persistent leaks...the...Inter-American Development Bank (IDB) signed a "mandate letter" with companies of the Peru Liquefied Natural Gas (LNG) pipeline that transports gas from the highly controversial Camisea field...The companies [are] led by Texas-based Hunt, SK Corporation and Repsol YPF S.A...The...project...is operated by Transportadora de Gas del Perú (TGP), a consortium that includes Argentina's Pluspetrol and Techint, Texas-based Hunt Oil, Algeria's state-controlled Sonatrach and South Korea's SK Corp...Its social impacts have been criticised for the involuntary resettlement involved, the destruction of food and water supplies of local communities, and the exposure of voluntarily isolated indigenous peoples to illnesses for which they have no immunological defences.