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No, PEG is just a staffing assignment. There is no interviewing once you are in the company. There is no networking to get on projects, that is all handled through the staffing manager. You can specialize in PEG after a couple of years if you want to, there are no additional interviews.
No internal interviewing. Networking can potentially be a factor if you're trying to optimize for specific parameters (case location, industry, team), but isn't necessary to get staffed and isn't always particularly helpful.
In my experience at BCG, strong performance and a good spoken reputation will open up far more staffing choices for you than any amount of internal networking.