Mexico remains top Peru LNG offtaker

Apr 07, 2015 12:00 AM

Mexico remained the top offtaker for Peruvian LNG during Q1, when it received seven shipments totaling 1.4mm m3.

Spain was the second-largest offtaker in the quarter with four shipments, followed by Japan and France, with one each, according to hydrocarbons licensing authority Perupetro.

Mexico's state utility CFE said in March that by 2017 it plans to reduce oil consumption for power generation 90% from 2012 levels.

CFE reduced its oil use 43% to 110,800b/d last year from 193,900b/d in 2012, as it shifts to natural gas - a cheaper fuel that will lower carbon emissions, reduce consumer electricity bills and increase supply to industries such as the petrochemicals sector.

Earlier this month, ONEOK Partners entered into a 50:50 JV with a subsidiary of Fermaca to build a pipeline to transport natural gas from the Permian basin in Texas to Mexico.

The Roadrunner project would run from ONEOK's WesTex Transmission system at Coyanosa, Texas, to a new connection at the border with Mexico near San Elizario, Texas, where it would connect with Fermaca's Tarahumara pipeline.

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