Peru LNG terminal sent five cargoes in March

Peru LNG’s liquefaction plant at Pampa Melchorita has shipped five liquefied natural gas cargoes in March, one shipment more compared to the previous month.

According to the shipment data by state-owned Perupetro, during March the 4.4 mtpa LNG plant sent two shipments each to South Korea and Thailand and one shipment to Japan.

The shipments loaded onboard the LNG carriers Seapeak Madrid, Megara, Maran Gas Olympias, Barcelona Knutsen, and Maran Gas Hydra equal about 352,262 tonnes, the data shows.

These five LNG cargoes loaded at the Peru LNG plant last month compare to five cargoes in March last year, while Peru LNG shipped four cargoes in February and five cargoes in January this year.

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

The terminal 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 SK and Marubeni have 20 percent and 10 percent, respectively.

MidOcean Energy, the LNG unit of US-based energy investor EIG, recently agreed to purchase 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.

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