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

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Wilhelmshaven LNG jetty ready to welcome Excelerate’s FSRU

Dutch marine contractor Van Oord announced on Monday it had completed the new jetty for its client, state-owned LNG...

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,...