EIG revealed the completion of the deal in a statement on Thursday.
MidOcean’s interest in Peru LNG now stands at 35 percent, while US-based Hunt will remain the operator with a 35 percent stake.
Earlier this year, MidOcean completed its purchase of a 20 percent stake in Peru LNG from a unit of South Korean conglomerate SK.
Japan’s Marubeni has a 10 percent stake in Peru LNG, and LNG giant Shell, which also offtakes all of the volumes from the 4.45 mtpa LNG plant at Pampa Melchorita, has a 20 percent stake.
Bedies liquefaction facilities, Peru LNG’s assets consist of a fully-owned 408 kilometer pipeline with 1,290 mmcf/d capacity, two 130,000 cbm storage tanks, a fully-owned 1.4 kilometer marine terminal, and a truck loading facility with a capacity of up to 19.2 mmcf/d.
Peru LNG terminal sent six cargoes in September and expects to load 60 vessels in 2024.
The terminal loaded 55 vessels in 2023, compared to 51 vessels in 2022.
Aramco increases stake in MidOcean
EIG announced on September 16 that energy behemoth Saudi Aramco will increase its stake in MidOcean and help the latter boost its stake in Peru LNG.
In September 2023, Aramco agreed to buy a minority stake in MidOcean Energy for $500 million, but it did not reveal the size of the stake.
EIG said Aramco will now increase its interest in MidOcean to 49 percent.
In addition to EIG and Aramco, Japan’s Mitsubishi Corporation is invested in MidOcean, among other blue-chip investors.
MidOcean is heavily investing in LNG.
In addition to these deals, the company completed earlier this year its acquisition of Tokyo Gas Co.’s interests in a portfolio of Australian integrated LNG projects.
