By OGJ editors
HOUSTON, Mar. 3 -- Peru LNG SRL—owned by Hunt Oil Co., Dallas, and SK Corp. of South Korea—has signed agreements to purchase 620 MMcfd of natural gas over 18 years from the Greater Camisea fields consortium in Peru.
Peru LNG will use the gas in a planned $1 billion liquefaction plant it will build at Pampa Melchorita near Cañete, 169 km south of Lima on Peru's Pacific coast. The LNG plant will have an initial capacity of 4.4 million tonnes/year. Land for the plant has been purchased, Hunt said.
Gas produced from the Greater Camisea fields, primarily from Block 56, will be liquefied and shipped to regasification facilities to be built by LNG purchasers, including Belgium's Tractebel Electricity & Gas International, which would regasify it in Mexico (OGJ Online, Oct. 2, 2003). Peru LNG, currently in advanced negotiations with potential buyers, said it anticipates timely decisions.
Peru LNG will spend $800 million for additional wells, pipelines, and other facilities associated with the project. Discussions are under way with Transportadora de Gas del Peru for pipeline transportation from the upstream license holders to the LNG plant.
The Greater Camisea license holders are Pluspetrol Peru SA, Hunt Oil Co. of Peru, SK Corp., Sonatrach Peru Corp. SAC, and Tecpetrol del Peru SAC.