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Peru LNG reports exports down again in December
PERU LNG, the operator of a gas liquefaction plant and export terminal in Pampa Melchorita, reported that its export volumes had declined year on year in the last month of 2019.
Data published earlier this week by the national oil company (NOC) Perupetro show that Peru LNG loaded five vessels with 824,434 cubic metres of LNG in December. This marked an 11% decline on loadings in the same month of 2018, when the group exported some 926,698 cubic metres of LNG.
Nevertheless, total export volumes were up down month on month. According to pre- viously released data, Peru LNG loaded four vessels with 635,758 cubic metres of LNG in November 2019. As a result, exports rose by about 29.7% on the previous month’s level.
Peru LNG has loaded and delivered a total of 552 cargoes of LNG since its launch in June 2010. Of the five cargoes launched in December 2019, one went to Japan, two went to China and another two were dispatched to South Korea.
The Peru LNG consortium, which the US company Hunt Oil founded with three partners, spent $3.8bn on building the Pampa Melcho- rita facility. The complex includes a 4.45mn tonne per year (tpy) gas liquefaction plant constructed by Chicago Bridge & Iron (CBI), as well as a marine terminal built by a consor- tium known as CDB. (This group includes Italy’s
Saipem, Luxembourg’s Jan de Nul and Brazil’s Odebrecht.)
The Pampa Melchorita complex also controls a storage depot outfitted with two 130,000 cubic metre tanks and a 34-inch (860-mm) natural gas pipeline. The latter handles gas supplies from fields operated by Spain’s Repsol and Argentina’s NOC YPF in the Cusco region. The link follows a 408-km path from Chiquintirca, a town in the Ayacucho region, to the LNG plant.
Equity in the Peru LNG project is split between Hunt Oil, with 50%; SK Energy (South Korea), with 20%; Royal Dutch Shell (UK-Neth- erlands), with 20%, and Marubeni (Japan), with 10%. ™
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Canada’s PetroTal signs production deal for Peru’s Bretaña field
CANADA’S PetroTal has secured an agreement with Peruvian state-owned company Petroperu for the sale of oil production from the Bretaña field.
The Peruvian-focused Canadian company said the sales contract would enable it to ship all oil in excess of the 1,200 barrels per day (bpd) of oil reserved for the Iquitos refinery under a pre-existing sales agreement through the North Peruvian Oil Pipeline, known locally as ONP. The 854-km pipeline is owned and operated by Petroperu, PetroTal noted in a statement.
According to the statement, Calgary-based PetroTal is in the process of commissioning the
central production facility. In the meantime, oil production at the Bretaña field has topped 10,000 bpd, the Canadian firm said.
Petroperu is slated to purchase the oil at pump station No. 1, which is located at Sara- muro, around 460km from Bretaña.
PetroTal intends to deliver the oil by barge to Saramuro at an estimated average cost of $4.25 per barrel.
“When the oil is ultimately sold by Petrop- eru at Bayovar, PetroTal will receive a valuation adjustment based on the actual price achieved by Petroperu, whether higher or lower,” the Canadian firm added.
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Peru LNG dispatched five cargoes in December (Photo: Peru LNG)
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