Peru Lng Terminal
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Summary Information

  • Ownership:
    • Hunt Oil Company (50 percent).
    • SK Energy of South Korea (20 percent),
    • Shell (20 percent)
    • Marubeni of Japan (10 percent).
  • Website: -
  • 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

  • South America's first LNG liquifaction plant

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
    • 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

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

  1. PERU LNG inaugurates the first natural gas liquefaction (LNG) plant in South America
  2. Project Details from IFC
  3. Project page from the Inter American Development Bank
  4. PERU LNG Secures $2.25 Billion in Third Party Financing
  5. Repsol, 3Q 2005 Highlights
  6. CB&I Awarded LNG Liquefaction Project in Peru
  7. Marubeni Corporation to Participate in Peru LNG Project
  8. Repsol signs first Asian LNG supply deal
  9. Air Products to Provide Liquefaction Process to Technology and Equipment For First LNG Plant in Peru
  10. Peru LNG Description
  11. Saipem wins new contracts worth USD 1,420 million in Saudi Arabia and Peru
  12. Shell continues to expand its LNG leadership with the purchase of new positions from Repsol S.A.

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