Linklaters has advised Fluxys SA, a leading Belgian energy infrastructure company, on its joint acquisition with institutional investor EIG Global Energy Partners, of an 80% equity stake in GNL Quintero S.A. from Enagas Chile SpA and affiliates of OMERS Infrastructure. The remaining 20% stake is owned by Empresa Nacional del Petróleo (ENAP), a state-owned company in Chile.
Quintero is the largest liquefied natural gas (LNG) regasification terminal in Chile and is a key energy infrastructure business supporting Chile’s decarbonization strategy. The country is aiming to become one of the world’s three largest green hydrogen producers with plans to install 200 GW of renewable power by 2040 to produce green hydrogen, with LNG distribution infrastructure being critical to hydrogen distribution.
The transaction is expected to close in the second half of 2022, subject to customary closing conditions, including any required merger control and related regulatory approvals.
The Linklaters team was led by partner Andrew Compton and senior associates Pierre-Emmanuel Perais and Will Kim in New York, with assistance from partner Arnaud Coibion and managing associate Lothar Van Driessche in Brussels, and German referendar Arthur Lindemann.
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