"You can rest assure that if more funds are needed they will be made available," he told reporters after a presentation. TGP has the 33-year concession to transport gas and liquids from the Camisea gasfields, or block 88, in Peru's SE jungle region. In 2006, the company carried out extensive work to safeguard its pipeline infrastructure following five different ruptures in the LNG system between mid-2004, when the project came on stream, and March 2006. During that year, TGP spent $110 million, of which $60 million was specifically used to monitor the system and to fix potential problems, Mr Ferreiro said. This work included an extensive evaluation of the entire system by smart pigging, during which only 30 faults, the majority being small scratches or dents, were found, and Mr Ferreiro said that all of these problems have now been dealt with. The Peruvian government is also carrying out its own audit of the pipeline system, and Mr Ferreiro said he was confident that the results would be same. He went on to say that TGP is currently negotiating with Peru LNG, a joint venture led by US-based Hunt Oil Co with South Korea's SK Corp and Repsol YPF over plans to export LNG to Mexico, beginning in 2010. The LNG will be supplied from block 56, which is adjacent to Camisea's block 88, and TGP is currently negotiating the rate that Peru LNG must pay to use the existing transport system. The operator is also interested in constructing the new stretch of pipeline required by the project.