(PERU LNG, 28.May.2024) — PERU LNG announces that 20% of its shares have been acquired by MidOcean Vicuna Holdings Ltd, a liquefied natural gas company managed by global energy and infrastructure investment fund EIG.
“This transaction represents a significant development as it reflects confidence in PERU LNG’s strong operating fundamentals. This endorsement is a consequence of our continued commitment to the highest standards of excellence in the liquefied natural gas sector, and a shared vision to move towards a more sustainable and resilient energy future, which is why we at PERU LNG welcome our new partner,”, said Jaime Risco, general manager of PERU LNG.
– De la Rey Venter, CEO of MidOcean Energy, said: “The completion of this investment is an important milestone in our efforts to build a global, diversified and resilient portfolio of LNG assets. PERU LNG occupies a unique position in the global market and plays an important role in supplying gas and LNG to customers in Peru. We look forward to a strong partnership with PERU LNG’s partners and working to maintain its positive impact for many years to come.”
PERU LNG’s assets include the Natural Gas processing plant, the 408-kilometer-long gas pipeline, recognized as the highest in the world, which makes it possible for part of the demand for natural gas to reach Lima. It also has a 1.4 kilometer maritime terminal and a truck loading facility that allows families in the north and south of Peru to have access to natural gas, contributing to massification.
This acquisition will further strengthen the position of the regional pioneer in liquefied natural gas processing in the global LNG market and its role in the energy supply chain in the region. This strengthening, in addition to consolidating its presence in the national LNG landscape, will play a crucial role in the advancement and sustainability of the Peruvian energy supply.
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