According to a study carried out by the Supervisory Agency for Investment in Energy and Mining (Osinergmin) regarding the effects of the use of natural gas on CO2 mitigation in the sectors of electricity generation, industry and transportation in Peru, the entry into operation of the Camisea Project resulted in an important energy substitution in various economic sectors.
The results show that, if natural gas for vehicles had not started to be used, CO2 emissions would have accumulated close to 40 million tons of CO2 between 2006 and 2019, the real figure being, in that period, 26.5 million tons, mitigating a total of 13.5 million tons of CO2.
Likewise, if the CO2 emissions that have been mitigated, thanks to the consumption of natural gas in the vehicle fleet during the analysis period, were valued, they would total USD 255 million updated to 2019.
It should be noted the difference between the cost of CNG with other fuels, where it can be identified that, on average, it is 70% cheaper than diesel, 70% less than gasoline and 33% less than LPG.
Currently, the Ministry of Energy and Mines (MINEM) has been executing the budget of 200 million soles transferred to the FISE NGV Savings program, which allows light vehicles that use LPG, a Discount Bonus of S/ 2,000 on the cost of the conversion service, and the balance of the cost of said service will be financed in up to 36 months without interest.
Source: MINEM
