Enagás reaches a deal to increase its stake in the GNL Quintero regasification terminal in Chile to 40.4%

Enagás, through its subsidiary company Enagás Chile, has reached an agreement to acquire the total Endesa Chile's stake  in GNL Quintero, S.A. (20%) for US$200 million.

This acquisition, which is subject to possible pre-emptive acquisition rights held by other shareholders, would give Enagás Chile a total stake in the plant of 40.4%.

Once the operation is complete, the GNL Quintero shareholders would be as follows: Terminal de Valparaiso (51% Enagás Chile and 49% Oman Oil Company) 40%, Enagás Chile 20%, ENAP 20% and Metrogas 20%.

The regasification terminal, located in the Bay of Quintero, has been in operation since 2009, and Enagás has been a stakeholder since 2012. It has 3 tanks with overall storage capacity of 334,000 m³, a total emission capacity of 625,000 m³ (n)/h and docking facilities for methane tankers for up to 265,000 m³ of LNG.

The terminal is also planning to expand with the construction of a third LNG storage tank with 160,000 m3 capacity and increase its regasification capacity to 833,000 m3 (n)/h.