BG Group on Friday completed the
previously-announced sale of a second and final 20%
equity interest in the Quintero LNG
regasification terminal in Chile to Terminal de Va lparaiso, a
company majority owned by Enagás S.A. of Spain, for $176
An agreement to sell BG Groups entire 40% interest in
to Enagás was announced in April 2012, with the transfer
of an initial 20% stake completed in September 2012.
The sale of the two equity stakes, part of what BG Group
says is an approach to active portfolio management, raised
a combined $352 million.
The sale applies only to BG Groups shareholding in
GNLQ, the owner and operator of the 2.5 million-tpy capacity
regasification terminal in Quintero, Chile.
The agreements do not impact BG's long-term contracts to supply
to the Chilean market, according to the company.