|Updated:||13 Jan 2011|
GNL Quintero News
Chilean state oil and natural-gas company Empresa Nacional del Petroleo SA, or Enap, has decided to abandon geothermal energy exploration and development in order to concentrate on its core business.
Chilean power generator Colbun SA will buy $90 million of liquefied natural gas, or LNG, from state oil and gas company Empresa Nacional del Petroleo SA, Colbun said late Wednesday in a statement with the local SVS securities regulator.
GNL Quintero, in central Chile and one of the nation's two liquefied natural gas regasification terminals, already proved its value this winter as peak output matched the maximum amount of gas central Chile used to import from Argentina through two cross-border pipelines, the company's chief Antonio Bacigalupo said Thursday.