EIG, Fluxys wrap up purchase of Chile’s Quintero LNG import terminal

Washington-based energy investor EIG and Belgium’s LNG terminal operator Fluxys have completed the previously announced deal to buy an 80 percent equity stake in GNL Quintero, the largest regasification terminal in Chile.

Fluxys announced the completion of the deal in a statement on Thursday.

The two firms bought the controlling stake from Enagas Chile, which owned a 45.4 percent stake in the facility, and affiliates of Omers Infrastructure which held a 34.6 percent stake.

Chile’s Enap also holds a 20 percent in the 4 mtpa facility.

Fluxys did not reveal the financial details of the deal.

Spanish LNG terminal operator Enagas said in a separate statement it sold its 45.4 percent shareholding in GNL Quintero for $655 million.

Operational since 2009, Quintero is the largest terminal for receiving and unloading LNG in Chile, as well as for its storage and regasification capacities. Chile also has the 1.5 mtpa Mejillones facility.

The Quintero facility has a daily regasification capacity of 15 million cbm, an LNG storage capacity of 334,000 cbm, and 2,500 cbm per day of truck loading capacity.

Moreover, it benefits from its strategic location in Quintero Bay, supplying a diversified base of customers in central Chile across residential, commercial, industrial, transportation and power generation sectors.

It owns 75 percent of the country’s LNG regasification capacity and in 2021, 67 percent of the total natural gas imports, both LNG and pipeline imports, arrived in Chile through this asset, according to Fluxys.

Most Popular

LNG shipping rates continue to decrease

Spot LNG freight shipping rates in both basins continued to decrease this week, while European prices increased compared to last week.

US LNG exports climb to 34 cargoes

US liquefied natural gas (LNG) plants shipped 34 cargoes during the week ending April 16. According to the Energy Information Administration, pipeline deliveries to the LNG terminals increased compared to the prior week.

GTT secured orders for nine LNG carriers in Q1

French LNG containment giant GTT received orders for nine liquefied natural gas carriers in the first quarter, while its revenue rose 31.6 percent compared to the same period last year.

More News Like This

Energy Transfer, EIG’s MidOcean to jointly develop Lake Charles LNG project

MidOcean Energy, the LNG unit of US-based energy investor EIG, has signed a heads of agreement with Energy Transfer to jointly develop the latter's Lake Charles LNG export facility in Louisiana.

Belgium’s Fluxys offers Zeebrugge LNG slots

Fluxys LNG, a unit of Fluxys, is offering boosted slots on June 5, June 11, June 21, June 26,...

Fluxys offers regas slots at Zeebrugge LNG terminal

Fluxys LNG, a unit of Fulxys, is offering five additional slots on February 14, February 24, March 9, March...

Fluxys testing new Zeebrugge LNG truck loading bays

The Zeebrugge LNG import terminal currently has two truck bays with a capacity of about 8,000 slots per year. However,...