Enagás to purchase BG’s stake in Chilean LNG terminal
Enagás is to purchase BG Group’s 40% stake in the Quintero LNG regas terminal in Chile. The application is pending all relevant permits but will be paid in two (20%) instalments of € 136 million each. It is anticipated that Enagás will bring in another partner for the second tranche of payments leaving Enagás with 51% of the original 40% stake and the second partner in control of 49%.
The remaining shares in Quintero LNG are owned by ENAP (Empresa Nacional de Petroleo de Chile) (20%), Endesa Chile (20%) and Metrogas (Chile's largest gas distributor) (20%).
The Quintero LNG regasification terminal is located in Quintero Bay, Chile and has been in operation since 2011, the plant has a total storage capacity of 330, 000 m3 and a total regasification capacity of 3.4 billion m3/yr.
Written by Peter Farrell.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/27042012/enagas-purchases-bgs-stake-in-quintero-lng/
You might also like
Wood Mackenzie: six-country international shale priority list for energy security as Middle East conflict drives supply diversification
Middle East conflict has elevated strategic energy security priorities as countries seek supply diversification, international shale exploration can play a key role in meeting those goals, according to new research from Wood Mackenzie, titled “A hydrocarbon copy: the upstream industry’s return to international shale exploration”.