Peru LNG has been taken offline due to an issue with a compressor, a company spokeswoman said May 14.
The 4.45 million mt/y capacity plant has been offline for "approximately one week," Peru LNG's Jeanne Phillips said in an email.
"Peru LNG is working tirelessly to repair the issue and to restore the plant to full operation by the end of this month," Phillips said.
Cargoes from Peru LNG get folded into the portfolio of energy major, Shell, which acquired a 20% stake in the plant and 100% of its production in 2014.
The plant is operated by US-based Hunt Oil, which hold a 50% stake in the plant, while SK and Marubeni hold 20% and 10%, respectively.
On average, the plant produces roughly four-five cargoes per month. However, that number fell to only three in April, according to S&P Global Platts Analytics data. No cargoes have been produced so far in May.
The outage comes at time when LNG demand and prices have been gaining strength in its largest demand center of Northeast Asia.
The Platts JKM, which measures sport prices for cargoes delivered into the region, has been rising steadily since the start of March, and was most recently assessed at $10.20/MMBtu.
Since the start of 2021, the majority of cargoes produced at Peru LNG have been delivered to either Japan or South Korea, both markets where recent spot demand for cargoes has been reported by market participants.
