White & Case Advises EIG on Agreement to Acquire, with Fluxys, an Equity Stake in Key LNG Infrastructure Supporting Decarbonization in Chile

Press Release
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Global law firm White & Case LLP is advising EIG, a leading institutional investor to the global energy and infrastructure sectors, on its joint acquisition with Fluxys, a leading energy infrastructure company, of an 80 percent equity stake in GNL Quintero S.A., the largest liquefied natural gas (LNG) regasification terminal in Chile, from Enagas Chile SpA and affiliates of OMERS Infrastructure.

Quintero is a key energy infrastructure business supporting Chile’s decarbonization strategy with a bridging fuel that allows for the reconciliation of economic growth with the uptake of renewables and the phasing out of coal. Operational since 2009, the terminal benefits from its strategic location in Quintero Bay, supplying a diversified base of customers in central Chile across residential, commercial, industrial, transportation and power generation sectors. The terminal owns 75 percent of the country’s LNG regasification capacity and in 2021, 67 percent of the total natural gas imports (both LNG and pipeline imports) arrived in Chile through this strategic asset.

The acquisition builds on EIG’s presence in the Chilean market, where the firm owns Cerro Dominador, a groundbreaking solar complex that combines a 100 MW photovoltaic (PV) plant with a 110 MW concentrated solar power (CSP) plant.

The White & Case team was led by partners Bill Parish and Rodrigo Dominguez, and included partners Emilio Grandío (all in Houston), Armando Rivera and Elena Millerman, counsel Rhys Bortignon (all in New York), and associates Hannah Craft, Chris Hebert and Luis Leos (all in Houston).

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