Enagás completes acquisition of 20% stake in the Quintero LNG regasification terminal in Chile

abarrelfull wrote on 14 Sep 2012 05:46
Tags: bg-group chile deals enagás lng s-america

Latest News

• Want a weekly review of refining news?

• This Week in Refining
• RSS Feed

Enagás has completed the acquisition of BG Group of a 20% ownership of the Terminal Quintero LNG Regasification SA in Chile, for $ 176 million, as agreed in April, after obtaining all necessary approvals.

The other shareholders of GNL Quintero consists ENAP (20%), Endesa Chile (20%), Metrogas (20%) and BG Group (20%), each with a major partner
experience in the energy sector.

The presence of Enagás in GNL Quintero highlights the strategic the company is doing in Chile. For Enagas, which has a experience of over 40 years in the industry of liquefied natural gas (LNG), is priority support and contribute to the development and future growth of this plant, essential to the security of energy supply in the country.

This past June, the President of Enagás, Antonio Llardén, visited Chile as part of the Spanish business delegation that accompanied His Majesty
King of Spain. During his stay, Llardén had the opportunity to express Chilean Energy Minister, Jorge Bunster, long commitment Enagás term assumed in the country with this investment decision. Soon, the President will visit again Enagás Chile, where it has provided institutional meetings and information meetings with media.

The regasification plant is located in the Bay of Quintero. In operation since 2009, has a total storage capacity of approximately 330,000 m3 A total capacity of approximately 10 million regasification of m3/ day and a delivery capacity of 1,250 m3   LNG in the loading yard trucks. Recently, it has approved the expansion of the capacity of regasification up to 15 million m3 / day. Enagás support, with their experience and knowledge, the development of this expansion project and other future.

• [ Enagás completes acquisition of 20% stake in the Quintero LNG regasification terminal in Chile]

---