Enagas Completes GNL Quintero Stake Acquisition, Chile

Enagas Purchases 20percent stake in GNL Quintero Terminal in Chile

Enagás of Spain has completed the purchase from BG Group of 20% of the GNL Quintero regasification plant for liquid natural gas (LNG) in Chile for $176Mn, as agreed in April, having obtained all the required authorisations.

The GNL Quintero plant’s other shareholders are ENAP (Empresa Nacional de Petróleo de Chile – 20%), Endesa Chile (20%), Metrogas (20%) and BG Group (20%), all of which have considerable experience in the energy sector.

The acquisition by Enagás of a stake in GNL Quintero demonstrates the strategic commitment that the company is making in Chile. For Enagás, with over 40 years’ experience in the LNG industry, supporting and contributing to the development and future growth of this plant – essential for the security of the country’s energy supply – is a priority.

In June, the Chairman of Enagás, Antonio Llardén, visited Chile as part of the delegation of Spanish businesses that accompanied His Majesty the King of Spain. During his stay, Llardén had the opportunity to express to the Chilean Energy Minister, Jorge Bunster, the long-term commitment of Enagás to the country made through this investment decision.

The Chairman of Enagás is soon to visit Chile again, where institutional meetings, as well as informative meetings with the media, have been scheduled.

The regasification plant is in Quintero Bay in Chile. Commissioned since 2009, it commands a total storage capacity of approximately 330,000 m3, total regasification capacity of approximately 10 million m3/day and a delivery capacity of 1,250 m3 of LNG at the truck loading station. Approval was recently given to increase regasification capacity to 15 million m3/day. Enagás will support the development of the expansion project and others in the future with its experience and knowledge.

LNG World News Staff, September 14, 2012

 

Share this article

Follow LNG World News

2 thoughts on “Enagas Completes GNL Quintero Stake Acquisition, Chile”

Comments are closed.

Events>

<< Jul 2016 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

The 7th Annual Floating LNG USA 2016

The 7th Annual Floating LNG USA 2016 will bring together over 65 speakers from every part of the FLNG value chain…

read more >

LNGgc London

LNGgc 2016 has established itself as a prestigious LNG industry platforms in UK and Europe…

read more >

World LNG & Gas Series: 8th Asia Pacific Summit

The 8th Annual World LNG & Gas Series: Asia Pacific Summit is back in September…

read more >

Gas to Liquids

The volatile oil price has had a dramatic impact on the Gas to Liquids market and some large-scale projects’ operators have struggled to adapt to this unsteady landscape. Over the last 12 months, we have witnessed a few promising projects halt or even shut down altogether. However, whilst some doors have had to close, other doors are opening with interesting emerging markets on the new GTL field. A few companies have discovered ways to significantly reduce operating costs and prove to be commercially viable despite the current economic climate.

Against this backdrop, SMi’s 19th annual Gas to Liquids conference will discuss how GTL companies can work with the tumbling oil price and how they can build robust strategies and create effective alternative solutions to enable them to weather the storm. The programme will have a special focus on small-scale GTL projects, giving you the chance to hear first-hand success stories from leading GTL operators. The two-day event will provide the ideal platform for experts to discuss with peers what companies need in place in order to overcome today’s challenges, with leading industry figures dissecting cutting edge topics, including project financing, marketing of GTL projects and innovative alternative applications of GTL plants.

For more information and to register online, visit: www.gas-to-liquids.co.uk

read more >