BG Group is to sell its 40% stake in the GNL Quintero import terminal in central Chile to Spain’s Enagas for up to $352 million.
The first 20% will be sold for $176 million subject to regulatory approvals. The second tranche, which is also subject to partner and lender consents, will follow later.
The transactions at the 2.5 million tonnes per annum facility are expected to be completed by the year-end.
BG said the deal will not impact its 21-year contract to supply up to 1.7
