Chilean copper producer sells stake in natural gas plant

Published by David Rowlands, Editor
LNG Industry, Wednesday, 07 August 2019 14:30

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/

EIA: Natural gas production and consumption has increased in Egypt and Israel for 20 years

Friday 02 December 2022 12:00

Natural gas has played an increasingly important role in both Egypt’s and Israel’s economies over the past 20 years, and both consumption and production have grown substantially in those countries, The U.S. Energy Information Administration has reported.

You might also like