BG Group to supply gas to Chile LNG terminal

By OGJ editors
HOUSTON, June 4 -- BG Group has signed an agreement to supply Chile's first LNG regasification terminal, a 2.5 million tonne/year facility to be built in Quintero Bay, about 110 km northwest of Santiago. The terminal is slated to begin operating in second quarter 2009.

The terminal could meet as much as 40% of Chile's gas demand, organizers said. GNL Quintero SA (GNLQ) will own and operate the terminal. BG is a 40% shareholder in GNLQ. Other partners, each with a 20% stake, are Chilean state company ENAP, power company Endesa Chile, and gas distributor Metrogas.

BG executed the 21-year LNG sale and purchase agreement to supply Chile with 1.7 million tonnes/year of LNG through the terminal, to be supplied from the company's global LNG portfolio.

ENAP said the LNG project will cost $400 million and, once commissioned, will supply gas to the country at competitive prices. It said the Quintero LNG complex will comprise a quay about 1,300 m long, unloading arms, and two storage tanks of around 160,000 cu m capacity each, in addition to the regasification station.

GNLQ also announced it let engineering, procurement, and construction contracts valued at $775 million to CB&I of The Woodlands, Tex.

Related Articles

INGAA Foundation forecasts oil, gas infrastructure outlays to 2035

03/18/2014 An estimated $640.9 billion, or an average $29.1 billion/year, will need to be spent on US and Canadian midstream crude oil, natural gas, and natur...

Cameron LNG awards export-plant contracts

03/17/2014 Cameron LNG LLC has awarded CB&I and Chiyoda International Corp. a $6 billion engineering, procurement, and construction contract to build a 13...

IOC to buy stake in proposed PNW LNG terminal

03/17/2014 Indian Oil Corp. Ltd. (IOC) has signed an agreement with Progress Energy Canada Ltd., Calgary; Pacific Northwest LNG Ltd. (PNW LNG), Vancouver, BC;...

FERC issues draft EIS on Freeport LNG’s Phase II projects

03/14/2014 The US Federal Energy Regulatory Commission has issued a draft environmental impact statement (EIS) on Freeport LNG’s Phase II modification and liq...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected