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EIG, Fluxys complete acquisition of

majority stake in Chilean LNG terminal

TERMINALS 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. Mean-
two tranches from Enagas Chile, a subsidiary of while, EIG is already carrying out a number of
Enagas (Spain), and affiliates of OMERS Infra- solar energy projects in the country and is also
structure (Canada). Enagas Chile and OMERS a partner in AME SpA, a Chilean independent
Infrastructure own 45.4% and 34.6% stakes in power producer (IPP) and project developer that
GNL Quintero respectively. is involved in both conventional electricity gen-
Fluxys did not reveal the financial terms of eration and hydrogen production.
the deal, but it did describe the addition of the GNL Quintero is Chile’s largest LNG regasifi-
GNL Quintero stake to its portfolio as part of cation terminal, accounting for fully 75% of the
a wider effort to expand its operations outside country’s LNG import capacity. It is capable of
Europe in countries that are making the transi- regasifying the equivalent of 15mn cubic metres
tion away from fossil fuels a high priority. It also per day of LNG and has storage facilities capable
said the acquisition would support the Chilean of holding 334,000 cubic metres of LNG, as well
government’s policy of reducing carbon dioxide as truck loading facilities capable of transferring
emissions by facilitating the switch from coal to 2,500 cubic metres per day for road transport.
natural gas-powered generation and encourag- (According to EIG and Fluxys, the terminal
ing the use of renewable energy. handled fully 67% of Chile’s total gas imports,
EIG and Fluxys announced plans to acquire a including both pipeline and LNG imports, in
majority interest in the LNG terminal in March 2021.)™
of this year. At the time, both companies said

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