Peru's natural gas shipments rose in April from a year earlier, while crude exports fell, the country's Central Bank said in a statement Monday.
Crude oil export revenue plunged 54.4% year on year to $80 million from $180 million a year ago as prices dropped 31.7% to $40/b from $58.60/b a year ago, according to the bank. Petroperu's 200,000 b/d northern jungle oil pipeline remained shut for a second month, halting shipments from Pacific Exploration & Production Corp.'s Block 192 and Cepsa's Block 131.
Natural gas export revenue halved to $21 million from $42 million a year earlier as prices dropped 55% to $26.30/cubic meter from $58.50/cu m in April 2015, the bank said.
Total hydrocarbon export revenue fell 54.4% to $101 million from $222 million in April 2015, the bank said.
Hunt Oil and partner SK Group started up the $4 billion Peru LNG terminal on Peru's south coast in 2010 to process gas from the Camisea fields in the Ucayali Basin. The TGP consortium plans to bring online a $700 million expansion of the 640,000 Mcf/d Camisea gas pipeline to Peru LNG this year.
