- Hunt Oil Company (50 percent).
- SK Energy of South Korea (20 percent),
- Shell (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
- South America's first LNG liquifaction plant
- Storage capacity: two 130,000 m3 LNG tanks
- CB&I was awarded the contract for the engineering, procurement, fabrication, construction, and commissioning
- Saipem, Constructora Norberto Odebrecht (CNO) and Jan de Nul Group: Engineering, procurement and construction of a 1,350 meter approach trestle, LNG carrier loading facilities and approach channel, and an 800 meter offshore breakwater
- Licensor: Air Products
- 2003 - PERU LNG was created
- 2006 - Air Products awarded licence
- 2006 - Saipem, Constructora Norberto Odebrecht (CNO) and Jan de Nul Group awarded Marine Export Facilities Contract
- 2007 - CB&I Awarded EPC Contract
- 2007 - Marubeni Corporation acquired a 10% stake in the project
- 2010 - The first cargo was loaded in June
- 2013 - Shell acquires Repsol's stake
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
- 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.
- 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
- CB&I Awarded LNG Liquefaction Project in Peru
- Marubeni Corporation to Participate in Peru LNG Project
- Repsol signs first Asian LNG supply deal
- Air Products to Provide Liquefaction Process to Technology and Equipment For First LNG Plant in Peru
- Peru LNG Description
- Saipem wins new contracts worth USD 1,420 million in Saudi Arabia and Peru
- Shell continues to expand its LNG leadership with the purchase of new positions from Repsol S.A.