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.