Turbocompressor Trains from GE Oil & Gas Selected for New LNG Plant In Peru

FLORENCE, ITALY - July 10, 2006 - GE's Oil & Gas business will supply two gas turbine-driven turbocompressor trains to Peru LNG S.R.L. for a new gas liquefaction plant in Pampa Melchorita, about 170 kilometers south of Lima, Peru.

When the plant begins operations, scheduled for 2010, it will produce 4.2 million tons of liquefied natural gas (LNG) a year. Repsol YPF is responsible for marketing all of the LNG to be produced by the new plant.

Each of the GE turbocompressor trains will include an MS7001 (Frame 7) gas turbine with two centrifugal compressors. The gas turbine drivers for the compressor strings will be manufactured at GE facilities in South Carolina. Assembly, packaging and full-load string testing of the equipment will be conducted at GE Oil & Gas facilities in Florence and Massa, Italy. The scope of GE's contract also covers technical advisory services during installation and commissioning.

The natural gas to be liquefied at the new LNG plant will come from the Camisea field in the Peruvian Amazon region. GE previously has supplied four Frame 5 gas turbine-driven turbocompressor trains for gas processing in the Camisea field.

Hunt Oil of Dallas, Texas holds a 50% interest in Lima-based Peru LNG, while the Spanish oil firm Repsol YPF has 20% and South Korea's SK Corporation has the remaining 30%.

About GE's Oil & Gas business
GE's Oil & Gas business is a world leader in advanced technology turbomachinery products and services, with engineering and manufacturing centers of excellence throughout Europe and the United States. Based in Florence, Italy, the company offers complete solutions for production, LNG, transportation, storage, refineries, petrochemicals and distribution systems, as well as pipeline integrity solutions including analysis and pipeline asset management.

For more information, contact:
Gabriele Peri
GE Oil & Gas
+39 055 423 8280

Ken Darling or Howard Masto
Masto Public Relations
+1 518 786 6488

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