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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.”

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