Sempra Energy has agreed to buy a majority stake in a $5billion natural gas pipeline project in Peru.
The deal is for an asset being sold by Brazilian engineering group Odebrecht.
Finance Minister Alfredo Thorne made the announcement on Thursday.
He said:”We are talking with the new company that is going to take leadership and informally they have told us an agreement between the buyers and the sellers was reached.
“It is Sempra, which has been in talks with the outgoing company, Odebrecht
Representatives for Odebrecht in Peru did not immediately respond to a request for comment and Sempra in the United States declined to comment.
Sempra had offered a bid for the project with Techint Group.