Energy company Fluxys has revealed that it will partner with investor EIG to jointly acquire an 80% stake in Chile’s largest liquefied natural gas (LNG) regasification terminal, GNL Quintero S.A. (Quintero).
Announced yesterday (March 28th), the investment aims to accelerate Chile’s decarbonisation strategy using LNG as a bridging fuel between fossil-based fuels and renewable hydrogen.
The terminal – operational since 2009 – owns 75% of the country’s LNG regasification capacity, realised through a daily regasification capacity of 15m m3 (15 million cubic metres).
In 2021, 67% of the country’s total natural gas imports arrived through the terminal, which boasts an LNG storage capacity of 334,000m3 and 2,500m3 per day of truck loading capacity.
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