Page 11 - LatAmOil Week 11 2020
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Exports also went up month on month in Jan- uary. According to previously released data, Peru LNG loaded four vessels with 674,751 cubic metres of LNG in January of this year. As a result, export volumes rose by nearly 18% on the previous month.
Peru LNG has loaded and delivered a total of 562 cargoes of LNG since its launch in June 2010. Of the five cargoes dispatched in January 2020, three went to South Korea, one to Spain and one to China.
The Peru LNG consortium was established by US-based Hunt Oil together with three other companies. The partners spent $3.8bn on the Pampa Melchorita facility, which includes a 4.45mn tonne per year (tpy) gas liquefaction plant built by Chicago Bridge & Iron Co. (CBI), and a marine terminal constructed by a consor- tium known as CDB. (This group includes Ita- ly’s Saipem, Luxemburg’s Jan de Nul and Brazil’s Odebrecht.)
The Pampa Melchorita complex also includes a storage depot that has two 130,000 cubic metre tanks and a 34-inch (860-mm) natural gas pipe- line. This pipeline handles gas from fields in the
GUYANA
Cusco region that are being developed by Spain’s Repsol and Argentina’s NOC YPF. It follows a 408-km route 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%.
Peru LNG’s terminal is in Pampa Melchorita (Photo: Peru LNG)
Tullow Oil optimistic about 2020, despite lower oil prices
TULLOW Oil (UK/Ireland) has had a difficult year, owing to setbacks in Guyana and Africa. The company, which focuses on upstream pro- jects in Africa and South America, is likely to experience more setbacks in the short term, as
the slump in oil prices will make its projects less profitable. Even so, it hopes to ride out the storm. In a report on its 2019 performance, Tullow said it had taken steps to protect itself against
market fluctuations.
Tullow is operator of the Orinduik block offshore Guyana (Image: Eco-Atlantic Oil & Gas)
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