MidOcean Closes Purchase of 20% Stake in Peru LNG
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Description
EIG’s LNG company MidOcean Energy closed on its acquisition of a 20% stake in Peru LNG (PLNG) from SK Earthon. Financial details of the transaction weren’t disclosed.
Peru LNG, operated by Hunt Oil Co., is one of two LNG production facilities in South America. The company owns and operates the first LNG export plant in South America in Pampa Melchorita, Peru.
Its assets include a 4.45 million tonnes per annum-processing capacity liquefaction plant, a 408-km pipeline with 1,290 MMcf/d capacity, two 130,000 cu.m storage tanks, a 1.4-km marine terminal and a 19.2 MMcf/d capacity truck loading facility.