Three Chilean generators seeking LNG contracts after reserving capacity

3 Chilean power companies is going to be looking to sign supply agreements for LNG in the arriving months after reserving capability in a proposed expansion from the country's largest regasification fatal, GNL Chile said Friday.

AES Gener, Colbun as well as IC Power reserved the entire 3. 2 million cubic meters/day on offer under a season launched late a year ago, GNL Chile said within a statement. The power companies will have until December to confirm their own interest in signing a conclusive contract.

GNL Chile is actually owned by local fuel consumers ENAP, Endesa Republic of chile and Metrogas, which every own 20% of the Quintero terminal. The balance of stocks is owned by Spain's Enagas and Oman Essential oil Company.

GNL Chile declared the three companies' proposals acquired the highest points under the open up season qualification process considered. The open season should attract new clients to the port, until now controlled by the shareholders associated with GNL Chile, and broaden the size of the natural gas marketplace in Chile in line with the present government's pro-gas energy industry.

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