Enagás is taking advantage of the good moment for liquefied natural gas (LNG, in the jargon of the energy sector), key in the current global energy crisis, to undo positions abroad. The manager of the Spanish gas system, Enagás, announced this Monday to the National Securities Market Commission (CNMV) that it will sell 45.4% of the shares of the Chilean regasification plant GNL Quintero in exchange for 661 million dollars (601 million of euros). OMERS Infrastructure, its other reference partner in the capital of GNL Quintero, will also sell its 35%. In both cases, the buyer will be a consortium formed by the US infrastructure and energy fund EIG Global Energy Partners, and the Belgian company Fluxys.
The energy company, in which the Spanish State is represented with 5% of the capital and maintains a gold stock from its privatization in 1997, frames the sale of its Chilean subsidiary in its “asset rotation process” announced in the last strategic plan. The operation, subject to compliance with the conditions of this type of transaction, should be closed in the second half of the current year.
The Chilean firm LNG Quintero Its main asset is a terminal for the reception, unloading, storage and regasification of liquefied gas that arrives by ship, which has three tanks with a total storage capacity of more than 330,000 cubic meters and a total emission capacity of 625,000 cubic meters. . The facility is located in the Valparaíso region and has, emphasizes Enagás, “a key role in guaranteeing the security of the supply of natural gas to the central region of the country, where the majority of the population lives.”
“Chile is well positioned to be a world leader in the production and export of green hydrogen and Enagás will continue to contribute to the decarbonization process in this country through renewable gas projects,” the Spanish company points out in a note.
He knows in depth all the sides of the coin.