Peru LNG Terminal

From Global Energy Monitor


This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.

Peru LNG Terminal is an LNG export terminal in Ica, Peru.


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Project Details

  • Parent: Hunt Oil (50%), Shell (20%), SK (20%), Marubeni (10%)
  • Location: Pampa Melchorita, Lima, Ica, Peru
  • Coordinates: -13.2451, -76.297 (exact)
  • Capacity: 4.4 mtpa, 0.63 bcfd
  • Status: Operating
  • Type: Export
  • Start Year: 2010

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day


Peru LNG Terminal is a LNG export terminal in Ica, Peru.[1] The terminal is a joint venture of Hunt Oil Company of the US (50%), SK Corporation of Korea (20%), Shell (20%), and Marubeni Corporation of Japan. Spanish company Repsol used to own 20%, but its share was bought out by Shell in 2013.[2]

The LNG terminal, located at Pampa Melchorita, is said to be Peru's largest-ever project funded by direct foreign investment. It is geared to export gas in excess of domestic demand to the global market.[3][4]

The project began production in 2010 and was South America's first export LNG terminal. The terminal receives gas from the Camisea fields and has a nominal capacity of 4.5 million tons of LNG per year and a processing capacity of 0.63 bcfd. The site consists of a maritime terminal from which LNG is shipped, connected by a pipeline to TGP's Camisea Gas Pipeline, which receives gas from Peru's Camisea fields.[5] The site also contains two storage tanks with a capacity of 4.6 million cubic feet.[6]

The total investment needed for the project was $3.8 billion. Of the $3.8 billion that financed the project, $2.25 billion came from third parties such as credit agencies, commercial banks, and multilateral institutions.[6] Among the multilateral institutions, the US Export-Import Bank provided $450 million, the Inter-American Bank provided $400 million, the IFC $300 million, the Korean Export-Import Bank $300 million, and the Italy Sace Export Credit Agency $250 million. The Banco de Credito del Peru (BCP) also arranged for local bonds totaling upwards of $350 million.[7]

The construction of the project was contracted out to CB&I (Chicago Bridge and Iron)[8] and was engineered and designed by Gulf Interstate Engineering.[9]

Gas Exports

The LNG terminal shipped 32 cargoes between January and June of 2017, compared with 31 over the same period in 2016. Most ships were destined for Spain, but three also landed in Mexico, two in both France and Japan, while Taiwan, the UK, and South Korea received one each. The company's revenue doubled year over year, from $151.4 million to $303.8 million.[10] In 2016, 34 of the terminal's 71 cargoes were sent to Mexico. As the US expands its gas exports, Peru will look to increase its exports to Europe in order to compete.[11]


Former Energy Minister Carlos Herrera has publicly criticized the LNG export project. According to Herrera, Peru did not have enough gas supplies to warrant exporting it overseas. He argued that it was political corruption which allowed for the project to commence. There was an investigation into the matter and no evidence of corruption or mismanagement was found.[12] Although there was no evidence found to support Herrera's claim, leaders from the Southern region in Peru complained that the export project would lead to shortages affecting domestic consumption.[13]

In January 2016, exports from Peru's LNG export terminal were halted due to a rupture in the pipeline supplying it with gas from the Camisea gas fields.[14]

Articles and resources


  1. Peru LNG Terminal, Wikipedia, accessed April 2017
  2. Peru LNG Terminal, A Barrel Full, accessed August 2017
  3. "Peru LNG Annual Report 2019 (p 32)" (PDF). Peru LNG. 2019.
  4. "PERU LNG secures $2.25 Billion in third party financing". PERU LNG. June 2008.
  5. Peru LNG S.R.L., BNamericas, accessed August 2017
  6. 6.0 6.1 Peru LNG Project, Hydrocarbons Technology, accessed August 2017
  7. "Business Network Forum. 18th Meeting, Iquitos- Peru, 04 March 2008 CAMISEA PROJECT. LNG Export Project". Business Network Forum / Peru LNG. March 4, 2008.
  8. Peru LNG S.R.L., CBI, accessed August 2017
  9. "Gulf Interstate Engineering Project Resume (p 22)" (PDF). North American Pipelines. September 2010.
  10. Joanna Sampson, "Peru LNG shipments rise", gasworld, August 2, 2017
  11. Rob Verdonck, Kelly Gilblom, "U.K. to Get First LNG From Peru While Still Waiting for U.S.", Bloomberg, February 7, 2017
  12. Javier Matos Flores-Guerra, "The LNG Export Debate: Lessons from Peru", Electric Power, March 3, 2014
  13. Peru set to export natural gas, opens LNG plant, Reuters, June 10, 2010
  14. Pipeline Leak Stops Peru's LNG Exports, LNG World News, accessed August 2017

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