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Chilean copper producer sells stake in natural gas plant

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LNG Industry,


According to Reuters, Chile’s Codelco has announced that it has sold its stake in the GNL Mejillones natural gas plant for $193.5 million.

Codelco is the world’s top copper producer, and the gas facility is located in northern Chile. The company reportedly stated that it would transfer the 37% it held in the plant, which is controlled by an Engie subsidiary, to Ameris Capital AGF fund, which is based in Chile.

According to Reuters, Codelco said: “The sale of the GNL Mejillones stake will allow Codelco to strengthen its position to finance part of its project portfolio and focus on its main activity, copper mining.”

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/07082019/chilean-copper-producer-sells-stake-in-natural-gas-plant/

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