Eric Watkins
Senior Correspondent
LOS ANGELES, Jan. 13 -- Peru LNG Co., a consortium of Hunt Oil Co., South Korea's SK Corp., and Repsol YPF SA, has signed an agreement with the Peruvian government to export LNG from Peru to Mexico and the western US.
The group will provide Peruvian natural gas to the region for 18½ years.
The companies plan to build and operate an LNG plant and export terminal at Pampa Melchorita, about 168 km south of Lima (see map, OGJ, June 13, 2005, Newsletter). Work will begin during the first half for completion in 2009.
The venture also will lay a 400-km, 32-in. pipeline to transport feed gas from the Chiquintirca community in the Ayacucho Mountains to the LNG plant.
Hunt Oil has a 50% stake in the venture, SK holds 30%, and Repsol YPF holds 20%.
Contact Eric Watkins at [email protected].