Chilean LNG Takes Project Finance Bids

Chile’s Quintero LNG import terminal project is soliciting bids for up to $1.16bn in project financing, according to local media and wire reports. Project company GNL Chile said that it aims to complete the financing process in the first quarter of 2008. HSBC is financial advisor on the $940m project backed by BG Group (40%), Enap (20%), EOC (20%) and Metrogas (20%). The 10m cubic meters a day terminal is under construction in Quintero Bay, on Chile’s central coast, and expected online by 2009.