Latin America Advisor

Energy Advisor

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What Will a New Energy Minister Mean for Peru?

President Dina Boluarte tapped Rómulo Mucho as Peru’s new energy and mining minister as part of a cabinet reshuffle. // Photo: Peruvian Government.

Peruvian President Dina Boluarte on Feb. 13 named Rómulo Mucho as the country’s new energy and mining minister as part of a cabinet reshuffle. Mucho previously served as the ministry’s vice minister almost two decades ago in the administration of President Alejandro Toledo. What does Mucho bring to the position, especially in terms of energy diversification? How can he help Peru continue to reduce its dependence on imports and help it grow into a key exporter of liquefied natural gas? How well did Mucho work with environmental groups and mediate social conflict during his previous tenure at the ministry, and what advantages does that experience provide him in the current context?

Jennapher Lunde Seefeldt, associate professor of government and international affairs at Augustana University: “Peru is in dire need of stability, and given Mucho’s prior professional experience, at least some policy stability is expected. Mucho is very aware of the need for developing a variety of energy industries in Peru, with calls to advance the liquefied natural gas industry and expand copper extraction (worth up to $800 billion). He has publicly discussed the need to reduce fossil fuel reliance and increase public transparency of the extractive industries. However, much of the current concern revolves around reactivating investor confidence given Peru’s tumultuous political and social history. In the short term, Mucho and others believe cutting bureaucratic red tape for permitting approval times is key. Many projects have a license to operate but…”

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About the Energy Advisor

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.


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Gene Kuleta

Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David Goette-Luciak

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Nili Blanck

Reporter