Gas infrastructure company Fluxys and institutional investor EIG have completed the acquisition of Enagás and OMERS Infrastructure’s respective stakes, representing 80% of the GNL Quintero share capital.
GNL Quintero, strategically located in Quintero Bay and operational since 2009, is the largest liquefied natural gas (LNG) regasification terminal in Chile. It is a key energy infrastructure business supporting Chile’s decarbonization strategy by fostering the uptake of renewables and the phasing out of coal.
The agreement with EIG to become partners in GNL Quintero was initially announced on March 28. It is a solid fit with Fluxys’ strategy to develop outside Europe in a country where energy transition stands high on the agenda.
About Fluxys
Headquartered in Belgium, we are a fully independent energy infrastructure group with 1,300 employees active in gas transmission & storage and liquefied natural gas terminalling. We operate in Europe and are developing activities in South America and Southeast Asia. Where the market is ready, as a gas infrastructure company we are also ready for the transition to a hybrid energy future in which carbon-neutral molecules and renewable electricity complement one another in the energy system.
About EIG
Since 1982, EIG has been a leading institutional investor to the global energy sector. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 40-year history, EIG has committed $40.1 billion to the energy sector through over 380 projects or companies in 38 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul.