Finalization of negotiations with Shell over Camisea
The Peruvian government ended negotiations with Shell for the exploitation of Camisea gas on August 31, 1988, after the expiration of the term of the basic agreement. This decision was made in the midst of regional protests in Cuzco against the contract.
On August 31, 1988, the Peruvian government terminated the negotiations with Shell for the exploitation of Camisea gas, since the term stipulated in the respective basic agreement signed at the beginning of the year had expired. This decision took place in a context of political and economic tension during the government of Alan García Pérez. Previously, in April 1988, the Frente Unitario de Defensa de los Intereses del Cuzco had led protests against the contract with Shell over Camisea, evidencing the regional controversy surrounding this energy project. The end of the negotiations marked a turning point in the energy policy of the APRA government.