MidOcean Energy, an LNG company formed and managed by EIG, has successfully concluded its acquisition of SK earthon’s 20 percent interest in Peru LNG (PLNG), the owner and operator of the first LNG export facility in South America. Financial terms were not disclosed.
PLNG, operated by Hunt Oil Company, is one of only two LNG production facilities in Latin America. Located in Pampa Melchorita, south of Lima, PLNG’s assets include a natural gas liquefaction plant with 4.45 mmtpa (million tonnes per annum) processing capacity; a 408-kilometer (254-mile) pipeline with 1,290 mmcf/d (million standard cubic feet per day) capacity; two 130,000-cubic-meter storage tanks; a 1.4-kilometer (0.86-mile) marine terminal; and a truck loading facility with capacity of up to 19.2 mmcf/d.
“The completion of this investment is an important milestone in our efforts to create a global, dive