Liquefied natural gas (LNG) business MidOcean Energy has completed the purchase of an additional 15% stake in Peru LNG (PLNG).
Post-purchase, MidOcean now owns a 35% interest in PLNG. It acquired the 15% from Hunt Oil Company.
PLNG owns and operates the only LNG export facility in Pampa Melchorita, South America, 170 kilometres south of Lima, Peru.
The acquisition was initially announced in September and was funded by audi Arabian oil and gas giant Aramco.
... to continue reading you must be subscribed
