Peru’s only liquefaction facility shipped one more cargo of liquefied natural gas (LNG) in the first half of this year compared to the same period last year.
The 4.45 million tonnes per year plant, operated by Hunt Oil, that owns a 50% stake in the facility, shipped 32 cargoes in the January to June period as compared with 31 cargoes the year before.
Most of the LNG cargoes shipped from the $4bn liquefaction plant during the January to June period landed in Spain, whilst three went to Mexico and two landed in France and Japan each. The UK, Taiwan and South Korea each received one.
Peru LNG reduced its losses to $4.9m in the first compared with a $56.9m loss the previous year, according to the company’s half-year report filed to Peruvian securities regulator, SMV.
The company’s revenue doubled to $303.8m compared to $151.4m per year earlier as Henry Hub, NBP and Asian LNG spot prices rose.
Peru LNG gets natural gas via a 408km gas pipeline from the country’s abundant Camisea gas fields. The pipeline runs across the Peruvian Andes to the central coast of Peru.
Besides Hunt Oil, Shell holds a 20% stake in the liquefaction plant and takes most of the LNG volumes. SK Group also owns a 20% share in Peru LNG while Marubeni holds a 10% stake