-
MidOcean Energy takes 20% stake in Peru LNG
MidOcean Energy, a LNG company formed and managed by investment company EIG, has completed the acquisition of Korea-based SK earthon’s interest in Peru LNG (PLNG). PLNG is the owner and operator of the first LNG export facility in South America. Morgan Stanley acted as the exclusive financial advisor to MidOcean, and Latham & Watkins as its legal advisor. Peru LNG features a natural gas liquefaction plant with 4.45 millon tonnes per annum processing capacity, a 408-km pipeline, two 130,000 cu metre storage tanks, a truck loading facility and 1.4 km terminal. Hunt Oil Company handles the pipeline and plant ... (full story)