Peru LNG exports remain steady in May

Liquefied natural gas exports from Peru remained steady in May, with five cargoes leaving Peru LNG’s liquefaction plant at Pampa Melchorita.

According to the shipment data by state-owned Perupetro, during May the 4.4 mtpa LNG plant sent the shipments to Spain, China, the Netherlands, South Korea, and Taiwan.

The shipments loaded onboard the LNG carriers Kool Baltic, Gaslog Houston, Gaslog Greece, Orion Bohemia, and LNGShips Manhattan equal about 352,409 tonnes, the data shows.

Kool Baltic’s AIS data provided by VesselsValue shows that the vessel has delivered its shipment to Taiwan, not South Korea.

These five LNG cargoes loaded at the Peru LNG plant last month compare to four cargoes (273,339 tonnes) in May last year and five cargoes (373,035 tonnes) in April this year, while the plant shipped five LNG cargoes in March, four cargoes in February, and five cargoes in January.

The facility increased its exports last year compared to the year before, and it also expects to boost the number of shipments in 2024.

Peru LNG loaded 55 vessels in 2023, compared to 51 vessels in 2022. It expects to load 60 vessels in 2024.

US-based Hunt Oil holds a 50 percent operating stake in the Pampa Melchorita LNG plant, while MidOcean Energy and Marubeni have 20 percent and 10 percent, respectively.

MidOcean Energy, the LNG unit of US-based energy investor EIG, completed in April its previously announced purchase of the 20 percent stake in Peru LNG from a unit of South Korean conglomerate SK.

LNG giant Shell also holds a 20 percent stake in Peru LNG and takes all the volumes produced at the facility.

(Article updated to include one more shipment in May.)

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