Peru Lng Terminal

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Summary Information

• Ownership:
  • Hunt Oil Company (50 percent).
  • SK Energy of South Korea (20 percent),
  • Spain’s Repsol YPF (20 percent)
  • Marubeni of Japan (10 percent).
• Website: http://www.perulng.com/ - http://www.huntoil.com/
• Location: on the coast of Peru near the city of Pisco
• Capacity: 4.4 million tons/annum
• Status: In Operation
• Budget: US$3.8 billion

Brief Description

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Technical Details

• Storage capacity: two 130,000 m3 LNG tanks
• Constructor: CB&I was awarded the contract for the engineering, procurement, fabrication, construction, and commissioning
• Licensor: Air Products

History

• 2003 - PERU LNG was created
• 2007 - CB&I Awarded EPC Contract
• 2010 - The first cargo was loaded in June

Ongoing Projects/Project Status

• The project was completed in June 2010
• CB&I was the project manager

Suppliers / Customers

• Suppliers: Camisea Gas Field
  • Natural gas feedstock for the Plant will be transported through a single pipeline system consisting of two sections:
  • (i) a 211-km section of the existing Transportadora de Gas del Peru (“TGP”) gas pipeline running from the Malvinas separation plant near the gas fields though the rainforest and
  • (ii) the PLNG Pipeline which will be built by Peru LNG and will run from the end of the rainforest portion of the TGP line to the Plant.
• Customers: Repsol has the exclusive rights to market the entire output from this plant.
  • Repsol has signed a liquefied natural gas (LNG) supply agreement with South Korea's state-owned Korea Gas Corporation (KOGAS) for 1.9 bcm of gas

Other Information

• Project Financing
  • The project received financing of US$2.25 billion in total, which includes financing from highly reputed international entities, as well as financing from the local Peruvian market.
  • The international financing comes from the Inter American Development Bank (IADB), the International Finance Corporation (IFC) of the World Bank, the Export-Import Bank of the United States, the Export-Import Bank of Korea, the Italian Credit Export Credit Agency (SACE), Société Générale, BBVA, Crédit Agricole-CIB, Sumitomo, ING, Mizuho, and the Bank of Tokyo-Mitsubishi.
  • In addition, a successful US $200 million bond offering was made in the local market to secure more capital.
  • Banco de Credito del Peru and Scotiabank Peru provided a US$75 million working capital facility and the partner companies made a US$1.6 billion capital contribution.

Relevant Links

• Project page from Hydrocarbons technology
• PERU LNG inaugurates the first natural gas liquefaction (LNG) plant in South America
• Project Details from IFC
• Project page from the Inter American Development Bank
• PERU LNG Secures $2.25 Billion in Third Party Financing
• Repsol, 3Q 2005 Highlights
• Project Page, CB&I
• Marubeni Corporation to Participate in Peru LNG Project
• Repsol signs first Asian LNG supply deal
• AIR PRODUCTS TO PROVIDE LIQUEFACTION PROCESS TECHNOLOGY AND EQUIPMENT FOR FIRST LNG PLANT IN PERU
• Peru LNG Description

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