(Energy Analytics Institute, 24.Oct.2024) — MidOcean Energy, formed and managed by EIG, announced the completion of its previously announced agreement to acquire an additional 15% interest in Peru LNG (PLNG) from Hunt Oil Company. MidOcean’s interest in PLNG now stands at 35%, while Hunt will remain the operator of PLNG, […]
Tag: Peru LNG
Inauguration of First Soccer Tournament in Ayacucho
(PERU LNG, 12.Aug.2024) — The Impacting Lives Social Program – Soccer inaugurated the first tournament with the support of PERU LNG. More than 320 students from 10 public schools in Vinchos and Huamanga participated, this event marks a milestone in children’s soccer in this area. Torneo Provincial de FĂştbol Impactando Vidas con […]
Peru LNG Doubles Natural Gas Supply
(PERU LNG, 13.Jun.2024) — PERU LNG is reinforcing its commitment to the massification of natural gas with the construction of the second loading station to dispatch liquefied natural gas through trucks. This system allows its distribution through trucks, known as “virtual pipelines,” and is taking natural gas to 10 regions in […]
Major Energy Fund Buys 20% Participation in PERU LNG
(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 […]
Peru Streaks Ahead in LNG Race to Europe as Trinidad Stumbles
(Reuters, 31.May.2022) — As liquefied natural gas (LNG) producers try to take advantage of a global energy shift triggered by Europe’s move to become independent from Russian gas, Latin America’s only two LNG exporters are moving in opposite directions. In Peru, LNG shipments are ramping up fast with special emphasis […]
NRGBriefs: Ecoanalitica Sees Venezuela’s Oil Rising Between 31%-91% in 2022
(Energy Analytics Institute, 6.Apr.2022) — Energy briefs including Caracas-based Econanalitica is forecasting Venezuela’s oil production and oil income will grow in 2022 vs 2021 under three different scenarios; Argentina’s Economic Minister MartĂn Guzmán meeting with the Argentine Ambassador in Bolivia Ariel Basteiro to discuss issues related to a bilateral agenda […]
Peru PM Warns Gas Sector
(Reuters, 26.Sep.2021) — Peruvian Prime Minister Guido Bellido on Sunday said that companies which exploit natural gas in Peru will need to agree to pay higher taxes or else face nationalizations, a sharp warning to the sector from the new leftist government. Bellido told Reuters in August that the government […]
LNG-short Peru Rationing Gas Distribution
(Argus, 24.May.2021) — One of Peru’s top natural gas distributors is rationing supply and exploring options after the early May outage of the Peru LNG liquefaction complex on which it relies. Gases del Pacifico-Quavii, a subsidiary of Colombia’s Promigas, lost supply around 7 May when a compressor broke down at […]
PetroPerĂş Guarantees Gas Supply
(PetroPerĂş, 23.Mar.2021) — Maintenance of the Pampa Melchorita plant will not affect natural gas users in the cities of Arequipa, Moquegua, Ilo and Tacna. Thinking about the well-being of its clients in the south of the country, PetroPerĂş has been taking action in order to guarantee the supply of natural […]
Peru LNG Continues Ops Amid Political Turmoil
(Energy Analytics Institute, 11.Nov.2020) — Operations at Peru LNG, the company that runs South America’s first gas liquefaction plant located in Pampa Melchorita, have yet to be affected by the recent impeachment of Peru’s President MartĂn Vizcarra. Peru LNG is comprised of a 408-kilometer gas pipeline, a liquefied natural gas […]
Peru Looks To 2021 Elections Amid Political Uncertainties
(Energy Analytics Institute, 9.Nov.2020) — Peru’s Congress is eyeing presidential elections in 2021 amid turmoil created by the impeachment of President MartĂn Vizcarra Cornejo owing to corruption allegations. Peru’s Congress approved Vizcarra’s vacancy in a special session on 9 November 2020 in what it deemed in an official statement as […]
Fitch Affirms Peru LNG At ‘BB-‘; Negative Outlook
(Fitch, 10.Sep.2020) — Fitch Ratings has affirmed Peru LNG S.R.L’s (PLNG) Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BB-‘. The Rating Watch Negative has been removed, and a Negative Outlook has been assigned. The rating also includes PLNG’s $940mn senior unsecured notes due 2030. PLNG’s Ratings and […]
LNG Exports Sink In Quarantined Peru
(Argus, 24.Mar.2020) — Peru’s natural gas production has been steadily declining and the Peru LNG plant has been idle since the government issued a national lockdown a week ago to prevent the spread of the new coronavirus. Gas production has fallen from 1.12bn cf/d on 15 March, the day the […]
Peru Deploys Army To Safeguard Strategic Gas Line
(Argus, 19.Dec.2019) — Peru’s government has deployed army troops to safeguard a jungle stretch of the Camisea natural gas and gas liquids pipelines from potential attacks under a 60-day emergency declaration. The lines are critical to Peru’s LNG and LPG export businesses, which are operating normally. The emergency measure covers […]
LatAmNRG Heard On The Street: Gas Markets, Argentina Tender
(Energy Analytics Institute, Aaron Simonsky and Ian Silverman, 25.Jun.2019) — Heard on the street related to the Latin America and Caribbean upstream, midstream, downstream and renewable energies sectors. ARGENTINA — During the first half of July a tender will be launched in Argentina for the construction of a new natural […]
Fact Sheet: Hunt Oil In Peru
(Hunt Oil, 2.Feb.2019) — Hunt Oil Company of Peru L.L.C., Sucursal del PerĂş (HOCP) is part of the Camisea Consortium and holds a 25.2% interest in the License Contracts related to the largest natural gas producing fields in Peru, the Camisea Fields; which include Block 88 and Block 56 in […]
Fact Sheet: Peru LNG
(Shell, 1.Jun.2018) — Peru LNG is the first natural gas liquefaction plant in South America and began operations in 2010 with a 4.45 mtpa capacity. It receives dry gas through a 408km pipeline that stretches from the highlands in the Peruvian Andes to the coast. Shell acquired 20% equity in […]
Report Evaluates Economic Benefits Of Camisea Project
(IDB, 29.Oct.2007) — The Camisea natural gas project has transformed Peru, reducing energy costs, increasing national revenue and spurring economic growth, according to a study released by Apoyo ConsultorĂa , one of Peru’s leading economic consulting firms. The firm said in a study commissioned by the IDB that the project […]