Tuesday, 07 November 2006 10:23
Peru LNG to set nation on modern path
Joint venture partners, including Hunt Oil, Repsol and SK Corp. of South Korea, are making progress in development financing
Pampa Melchorita liquefaction plant on the Pacific coast will deliver into the North American market by way of Mexico in 2009
Peru LNG, whose major shareholders are Hunt Oil of the US and Spanish major Repsol, is on the brink of making more progress in financing and development of what is the second phase of one of the world’s most controversial energy projects.
The LNG joint venture is in talks with multilateral financial institutions, including the World Bank and the US Export-Import Bank, for $800 million in loans and guarantees that would encourage commercial banks also to lend to the $2.7 billion liquefaction project.
Pampa Melchorita liquefaction plant on the Pacific coast will deliver into the North American market by way of Mexico in 2009
Peru LNG, whose major shareholders are Hunt Oil of the US and Spanish major Repsol, is on the brink of making more progress in financing and development of what is the second phase of one of the world’s most controversial energy projects.
The LNG joint venture is in talks with multilateral financial institutions, including the World Bank and the US Export-Import Bank, for $800 million in loans and guarantees that would encourage commercial banks also to lend to the $2.7 billion liquefaction project.
Published in
Jul / Aug 2006
