The consortium made a $3.8bn investment in this project. The consortium said that the Melchorita Plant will produce liquefied natural gas (LNG) through a purification and cooling process that will reduce the gas volume by 600 times, which facilitates its storage and transport.
The plant has a nominal capacity of 4.4 million tons per year and will process 620MMcfd of natural gas.
In addition, at the plant site are the two storage tanks in Peru (each stores 130,000m3 of LNG) and a marine terminal that stretches more than 1km long and will receive tankers of 90,000 to 173,000m3 each.
Four energy companies form the Peru LNG consortium: Hunt Oil Company of the US, with a 50% participating interest; SK Energy of South Korea, with a 20% participating interest; Repsol of Spain, also with a 20% participating interest; and Marubeni of Japan, with a 10% participating interest.
