EIG's MidOcean Energy Completes Acquisition of 20 Percent Stake in Peru LNG [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of its previously announced agreement to acquire SK earthon's ("SK") 20 percent interest in Peru LNG ("PLNG"), owner and operator of the first LNG export facility in South America. PLNG's assets comprise a natural gas liquefaction plant with 4.45 mmtpa processing capacity, a fully-owned 408km-long pipeline with 1,290 mmcf/d capacity, two 130,000 m3 storage tanks, a fully-owned 1.4 km-long marine terminal and a truck loading facility with capacity of up to 19.2 mmcf/d. PLNG, operated by Hunt Oil Company, is one of only two LNG production facilities in Latin America, located in Pampa Melchorita, 170km south of Lima. De la Rey Venter, MidOcean Energy's CEO, said, "The completion of this investment is an important milestone in our efforts to create a global, diversified and resilient portfolio of LNG assets. As the only LNG export facility in South America, PLNG is
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