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All efforts will be made during the installation is currently being upgraded.
process to avoid or minimise disruptions to pro- The joint venture partners also aim to carry
duction, Echo stated. out a second infrastructure upgrade programme
It further noted that El Indio Oeste would be at Santa Cruz Sur, the statement said.
the first installation site, followed by Oceano and This campaign will focus on maintenance
then finally Cerro Molino Oeste. The fields may and optimisation of compressors at Campo
see output levels rise at existing wells once the Bremen and Cerro Norte so that associated gas
generators are operating, it said, but the addi- from these fields can be processed and trans-
tional power is being made available mostly in ferred to the country’s main gas export pipeline.
order to prepare for the recommissioning of It is expected to take about three months to fin-
shut-in wells using the joint venture’s rig, which ish. ™

CHILE
EIG, Fluxys complete acquisition of

majority stake in Chilean LNG terminal

EIG Energy Partners (US) and Fluxys (Bel- they hoped to expand their operations in Chile
gium) have completed the acquisition of an 80% as a result of the deal.
stake in GNL Quintero, a Chilean LNG import Fluxys has teamed up with the Belgian
terminal. Hydrogen Import Coalition to investigate
In a statement dated July 21, Fluxys said that options for to establishing a supply chain for
the two companies had purchased the stake in green fuels between Chile and Europe.
two tranches from Enagas Chile, a subsidiary of Meanwhile, EIG is already carrying out a
Enagas (Spain), and affiliates of OMERS Infra- number of solar energy projects in the country
structure (Canada). Enagas Chile and OMERS and is also a partner in AME SpA, a Chilean
Infrastructure own 45.4% and 34.6% stakes in independent power producer (IPP) and pro-
GNL Quintero respectively. ject developer that is involved in conventional
Fluxys did not reveal the financial terms of electricity generation, as well as hydrogen
the deal, but it did describe the addition of the production.
GNL Quintero stake to its portfolio as part of GNL Quintero is Chile’s largest LNG regasifi-
a wider effort to expand its operations outside cation terminal, accounting for fully 75% of the
Europe in countries that are making the transi- country’s LNG import capacity. It is capable of
tion away from fossil fuels a high priority. It also regasifying the equivalent of 15mn cubic metres
said the acquisition would support the Chilean per day of LNG and has storage facilities capable
government’s policy of reducing carbon dioxide of holding 334,000 cubic metres of LNG, as well
emissions by facilitating the switch from coal to as truck loading facilities capable of transferring
natural gas-powered generation and encourag- 2,500 cubic metres per day for road transport.
ing the use of renewable energy. (According to EIG and Fluxys, the terminal
EIG and Fluxys announced plans to acquire a handled fully 67% of Chile’s total gas imports,
majority interest in the LNG terminal in March including both pipeline and LNG imports, in
of this year. At the time, both companies said 2021.) ™

GNL Quintero accounts for 75% of Chile’s total LNG regasification capacity (Photo: GNL Quintero)

Week 30 27•July•2022 www. NEWSBASE .com P13