Skip to main content

Chilean copper producer sells stake in natural gas plant

Published by
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/

You might also like

 InEight

[WEBINAR] Why Risk-Adjusted Project Forecasting Is Becoming the New Norm

This webinar will walk the audience through a methodology for developing risk-adjusted plans, leveraging remote collaboration techniques for disparate and socially distanced teams. This next-generation risk management approach is already proving itself on numerous oil and gas CAPEX projects. Find out why InEight expects the trend of risk-adjusted scheduling adoption to continue. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Natural gas news


 

LNG Industry is not responsible for the content of external internet sites.