Enagás to increase its shareholding in the Sagunto regasification plant to 72.5% and in the Quintero LNG plant to 60.4%

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Enagás to increase its shareholding in the Sagunto regasification plant to 72.5% and in the Quintero LNG plant to 60.4%

Enagás, via its subsidiary Enagás Transporte, has agreed to acquire a 42.5% stake in the Sagunto regasification plant (in Spain) from Union Fenosa for €106 million (US$118 million). Under this deal Enagás Transport will increase its total participation in the plant to 72.5%.

The Sagunto Regasification Plant is located at the end of the southern counterdyke of the Port of Sagunto extension, on a platform of 23 hectares reclaimed from the sea. The plant has a vaporization capacity of 1,000,000 Nm3/h and a storage capacity of 600,000 m3 of LNG (4 tanks of 150,000 m3).

Additionally, Enagás, through its subsidiary Enagás Chile, has reached an agreement to acquire an additional 20% of the Quintero LNG regasification plant from Aprovisionadora Global de Energía for US$200 million.

The regasification terminal, located in the Bay of Quintero, has been in operation since 2009, and Enagás has been a stakeholder since 2012. It has 3 tanks with overall storage capacity of 334,000 m³, a total emission capacity of 625,000 m³ (n)/h and docking facilities for methane tankers for up to 265,000 m³ of LNG.

These acquisitions are subject to the approval from the regulatory authorities approval.

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