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Enagás and OMERS Infrastructure Close the Joint Sale of their Stakes in Chilean Company GNL Quintero

7/21/2022

Enagas - Press release

Enagás Internacional, through its subsidiary Enagás Chile, and OMERS
Infrastructure, have closed the joint sale of their respective stakes in Chilean LNG regasification terminal,
GNL Quintero, as Enagás announced in its 2022-2030 Strategic Plan presentation on July 12.

Following the fulfilment of the relevant conditions set out in the purchase agreement reached in March
this year, Enagás and OMERS Infrastructure have transferred ownership of their respective stakes, which
jointly represent 80% of GNL Quintero’s share capital, to a consortium formed by EIG and Fluxys.
This transaction led to the sale of Enagás’ 45.4% stake in GNL Quintero for a total of 655 million dollars,
approximately 639 million euros at the current exchange rate. The sale, which will mean net capital gains
for Enagás of around 135 million euros, is part of the asset rotation process announced by Enagás, whose
strategic priorities are security of supply in Spain and Europe, as well as decarbonisation.
GNL Quintero is a Chilean company that owns a Liquefied Natural Gas (LNG) reception, unloading, storage
and regasification terminal in the Valparaíso Region of Chile, that plays a critical role in securing a reliable
supply of natural gas for the country’s central region, where most of the population lives.
Since its initial investment in the company in 2012, Enagás has contributed its experience as an industrial
partner in this strategic infrastructure asset, sharing its world class operational, maintenance and
sustainability standards. This has allowed GNL Quintero, together with its management and partners, to
develop the terminal over the years and position it as a strategic asset for Chile’s energy security
and transition.
This country is well positioned to be a global leader in the production and export of green hydrogen, and
Enagás will continue to contribute to its decarbonisation process with the pursual of renewable gas
projects.
Enagás is promoting the “Green Hydrogen Bahía Quintero” initiative, together with Acciona and GNL
Quintero. The project envisages a facility with a nominal capacity of 10 MW to produce this clean and
sustainable energy source which will contribute to the country’s decarbonisation plan and to the
environmental development of the communes of Puchuncaví and Quintero, in the Valparaíso Region.