MidOcean Energy acquires stake in Peruvian LNG facility
MidOcean Energy acquires stake in Peruvian LNG facility
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Natural Gas News
MidOcean Energy acquires stake in Peruvian LNG facility
Summary
Acquisition includes 20% interest in 4.45mn tonnes/year Peru LNG terminal. [Image credit: Peru LNG] by: Dale Lunan
MidOcean Energy said February 8 it had entered into a definitive agreement with SK Earthon to acquire the Korean company’s 20% interest in Peru LNG (PLNG), one of only two LN...
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.