Enagas increases stake in two LNG facilities

Enagas increases stake in two LNG facilities

Spanish LNG terminal operator Enagas on Thursday said it has agreed to up its stake in the Sagunto regasification plant in Spain and the GNL Quintero facility in Chile.

According to the company’s statement, the company has agreed to acquire, through its unit Enagás Transporte, Union Fenosa Gas’ 42.5 percent stake in the 7.6 mtpa Sagunto regasification plant for €106 million.

Once the transaction, that is subject to regulatory approvals, is complete, Enagas share in the Sagunto LNG plant will increase to 72.5 percent, becoming the largest stake owner in the facility. Oman Oil Company owns a 7.5 percent stake while the remaining 20 percent is owned by Osaka Gas.

In addition to its recent agreement to acquire 20 percent stake in the GNL Quintero from Endesa Chile, Enagas has agreed to purchase the entire shareholding of the Aprovisadora Global de Energia, the spinoff of Metrogas and in which Gas Natural Fenosa holds the majority stake.

Under the agreement, Enagas would purchase the 20 percent stake for US$200 million, which, once both transactions are complete, would up the company’s stake in the Chilean LNG terminal to 60.4 percent.

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 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 1

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

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

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >