PERU LNG inaugurates the First Natural Gas Liquefaction (LNG) plant in South America.

On 10 Jun 2010, the first natural gas liquefaction plant in South America was officially inaugurated. At $3.8 bn in investment, PERU LNG represents the largest investment in one single project ever made in Peru. The startup of PERU LNG represents the opportunity to continue the current economic growth trend and reassert the country's reputation as a thriving and safe destination for investment. As a result of this project, Peru's gross domestic product expanded 2% during the construction phase (2006-2010) and over 30,000 jobs were generated. The Melchorita Plant will produce liquefied natural gas (LNG) through a purification and cooling process which will reduce the gas volume by 600 …