Peru LNG expects to load 57 cargoes this year

Peru LNG expects to load 57 liquefied natural gas cargoes at its 4.45 mtpa Pampa Melchorita LNG plant in 2024, a spokesman for operator Hunt Oil told LNG Prime.

US-based Hunt operates the LNG plant with a 35 percent stake.

The spokesman said the LNG plant loaded 45 LNG cargoes so far this year.

Peru LNG revised its previous target for 2024 by three cargoes as it said in January that it expects to load 60 cargoes this year.

Last year, Peru LNG loaded 55 vessels.

In 2022, 51 vessels berthed to load LNG at the plant, 38 vessels in 2021, 55 vessels in 2020, 58 vessels in 2019, 57 vessels in 2018, 64 vessels in 2017, 70 vessels in 2016, 56 vessels in 2015, 60 vessels in 2014, 57 vessels in 2013, 53 vessels in 2012, 55 vessels in 2011, and 23 vessels in 2011 when operations began.

October LNG shipments

Peru LNG’s liquefaction plant shipped four LNG cargoes in October, two less than in the previous month, according to the shipment data provided by state-owned Perupetro.

Perupetro said the LNG plant sent two shipments to the UK and one shipment each to France and the Netherlands in October.

However, the 174,000-cbm GasLog Gibraltar delivered one Peru LNG cargo to Chile’s Mejillones LNG terminal last month and is currently on its way with another cargo to the Dutch Eemshaven terminal, its AIS data shows.

The data also shows that the 174,000-cbm SM Kestrel is expected to deliver a Peru LNG cargo to France’s Dunkirk LNG terminal this week, while the 174,000-cbm New Nature recently delivered a Peru LNG cargo to the Dutch Gate terminal.

Peru LNG also shipped its first November cargo onboard the 170,200-cbm Kool Baltic, its AIS data shows.

The LNG terminal operator shipped four LNG cargoes in August and four LNG cargoes in July this year.

The Perupetro data previously showed that the Peru LNG plant sent seven LNG cargoes in a row to the Dutch Gate terminal in the port of Rotterdam from the end of May until mid-July.

MidOcean increased stake in Peru LNG

UK-based LNG giant Shell holds 20 percent in Peru LNG and offtakes all the volumes, while Japan’s Marubeni has 10 percent in the LNG terminal operator.

MidOcean Energy, the LNG unit of US-based energy investor EIG, recently completed the previously announced deal to buy an additional 15 percent interest in Peru LNG from Hunt Oil.

MidOcean’s interest in Peru LNG now stands at 35 percent.

Earlier this year, MidOcean completed its purchase of a 20 percent stake in Peru LNG from a unit of South Korean conglomerate SK.

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.

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