Natural Gas Daily Latin America & Caribbean LNG

Peru hobbled by its LNG contracts

By Chris Noon 29 September 2016
An LNG tanker at Peru’s Pampa Melchorita plant. The country is trying to reduce its exports to Mexico. (Repsol) An LNG tanker at Peru’s Pampa Melchorita plant. The country is trying to reduce its exports to Mexico. (Repsol)

Peru’s new government is working to reduce its LNG exports to Mexico as it seeks higher-priced markets. However, Lima has limited room to manoeuvre because of existing contracts between Peru LNG, Shell and Mexico, according to experts.

Energy and Mines Minister Gonzalo Tamayo told local press last week that it was "no longer convenient" for Peru to keep exporting LNG to Mexico, and that Japan and Europe could be alternative markets.

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