Peru’s exports of liquefied natural gas (LNG) might rise 330.6% up by US$ 1.23 billion this year fueled by rising demand in Spain, Japan, Republic of Korea, Thailand and Mexico, consultant firm Maximixe reported.
This increase ahs been possible despite expectations of a lower global energy demand that has reduced the prices of Peru's natural gas exports, from a maximum of US$ 175.7 per cubic metter in May to a minimum of US$ 115.7 in September.
This year, Taiwan, China, Japan and Thailand have become new markets for this Peruvian product.
It is expected that exports continue increasing in the coming years fueled by Pluspetrol's investments, which might increase its tested reserves through a project to expand the development drilling program on block 56.
Between January and October 2011, total exports of natural gas reached US$ 1.02 billion, an increase of 588% compared with the same month in 2010.
Peru LNG consortium (the only Peruvian natural gas exporter) has made 60 shipments, while Spain was the main market concentrating 36.8% of total exports and an increase of 437.7%.
Spain is followed by Korea (22%), Japan (12.7%), Thailand (12%), Mexico (5.9%), US (3.8%), China (3.7%) and Taiwan (3%).
In terms of volume, Peruvian gas exports added up to US$ 7.3 billion of cubic meters. (Andina)

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