Marubeni teams up with Osaka Gas and Peru LNG to study synthetic methane production

Japanese trading and investment house, Marubeni, and compatriot Osaka Gas are joining forces with Peru LNG, the operator of the 4.45 mtpa liquefaction plant at Pampa Melchorita, to study synthetic methane production in Peru.

In that regard, the partners have signed a joint study agreement to analyze and evaluate the feasibility of synthetic methane production in Peru and its sales to the potential markets including Peru and Japan, according to a Marubeni statement.

Methanation is a technology that produces methane, the main component of natural gas, through a synthetic reaction of green hydrogen produced from renewable energy and CO2 extracted from industrial facilities.

Marubeni teams up with Osaka Gas and Peru LNG to study synthetic methane production
Image: Marubeni

Since existing gas infrastructure and facilities can help produce synthetic methane, methanation has “great potential to achieve carbon neutrality” in the gas industry, Marubeni said.

In addition, the Japanese government announced the Sixth Strategic Energy Plan in October 2021, and in order to reach carbon neutrality in the gas industry, they plan to start injecting more than 1 percent of synthetic methane into Japan’s gas lines by 2030 and expand it to 90 percent by 2050.

Through this agreement, the three companies would jointly analyze and evaluate the feasibility of methanation project in Peru, where renewable energy is abundant, according to Marubeni.

Marubeni has a 10 percent stake in the Pampa Melchorita plant. Also, US-based Hunt Oil holds a 50 percent operating stake in the LNG plant while SK and Shell have 20 percent, each.

- Advertisements -

Most Popular

Charif Souki steps down as chairman of Tellurian

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its...

Dynagas FSRU ready to start Stade job

The 174,000-cbm FSRU Transgas Force, owned by Dynagas, has left Germany's Bremerhaven and will now work as an LNG...

VTTI and Hoegh LNG join forces on Dutch FSRU terminal

Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, is joining forces with FSRU player Hoegh LNG...

More News Like This

Peru LNG terminal sent four cargoes in November

Peru LNG’s liquefaction plant at Pampa Melchorita has shipped four liquefied natural gas cargoes in November, the same number...

Woodside gets OK from East Timor to start work on Sunrise concept study

Australian LNG player Woodside and its partners Timor GAP and Japan’s Osaka Gas have received approval from East Timor...

Peru LNG terminal shipped four cargoes in October

Peru LNG’s liquefaction plant at Pampa Melchorita has shipped four liquefied natural gas cargoes in October, one shipment less...

Peru LNG terminal shipped five cargoes in September

Peru LNG’s liquefaction plant at Pampa Melchorita has shipped five cargoes in September, three shipments more compared to August...