Enagas acquires Endesa’s stake in GNL Quintero

Enagas acquires Endesa's stake in GNL Quintero

Spanish LNG terminal operator Enagas on Thursday said it has, through its unit, Enagas Chile, reached a deal to acquire the total Endesa Chile stake in GNL Quintero for US$200 million.

With the acquisition of Endesa’s 20 percent stake, Enagas would up its total stake in the plant to 40.4 percent, the company said in its statement.

Upon completion of the transaction, the GNL Quintero shareholders would be Terminal de Valparaiso, a joint venture by Enagas Chile and Oman Oil Company, with a 40 percent stake while Enagas Chile, ENAP and Metrogas all hold 20 percent stake each.

The regasification terminal, located in the Bay of Quintero, in operation since 2009 has three tanks with overall storage capacity of 334,000 cubic meters, a total sendout capacity of 625,000 cubic meters per hour and docking facilities for methane tankers for up to 265,000 cubic meters of LNG.

Enagas added that the terminal is also planning to expand with the construction of a third LNG storage tank with 160,000 cubic meters capacity and increase its regasification capacity to 833,000 cubic meters of natural gas per hour.

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 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 1

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >