Marubeni and PERU LNG sign joint study agreement

As e-methane has the same composition as natural gas, it can utilise existing infrastructure and facilities such as natural gas pipelines, and therefore has great potential as a pillar for the realisation of gas decarbonisation. The 6th Strategic Energy Plan announced by the Japanese government in October 2021 sets targets for e-methane uptake into existing infrastructure (1% by 2030 and 90% by 2050) to promote the transition to carbon neutral gas.

Marubeni, PERU LNG, and Osaka Gas have been conducting an initial study for the project since July 2022. The initial study investigated the potential for procuring renewable energy and CO₂ required to produce approximately 60 000 tpy of e-methane. As a result, it was confirmed that Peru’s abundant renewable energy sources and PERU LNG's liquefaction terminal capacity could allow the project to produce e-methane at a competitive price.

The Pre-FEED will involve discussions on the conditions for procuring renewable energy and raw materials, including CO₂, specification studies for plant construction, and economic evaluations and other detailed feasibility studies. After completion of Pre-FEED, Marubeni, Osaka Gas and Peru LNG will assess the results and evaluate if an investment decision could be made by 2025, with the aim of starting production and sales of e-methane by 2030.

Read the article online at: https://www.hydrocarbonengineering.com/the-environment/23082023/marubeni-and-peru-lng-sign-joint-study-agreement/