Repsol-YPF has reported a three-fold increase in profits from LNG last year, thanks in part to exports from Peru.

The Spanish oil company logged €388 million ($515 million) in LNG profits in 2011, a 206% jump on the €127 million booked in the prior year.

“These excellent results are due to higher production and sales from production start-up at the Peru LNG plant as well as higher margins,” Repsol said.

Repsol