US energy and infrastructure investor EIG and Belgian energy infrastructure company Fluxys are set to acquire an 80% stake in GNL Quintero, Chile’s biggest liquefied natural gas regasification terminal.

The acquisition — agreed with the Chilean arm of Spanish utility Enagas and affiliates of Toronto-based Omers Infrastructure — is framed as supporting Chile’s decarbonisation strategy through the supply of LNG as a bridging fuel.

Howevwer, the takeover partners stressed their objective of building up a leading position in a country with high potential as a future producer and exporter of energy from renewable sources.