Chile’s Quintero LNG Secures PF

Chilean gas company Quintero Bay LNG has raised a $1.11bn, 15-year syndicated project finance loan to build a new gas processing facility in Chile’s Bahia de Quintero. The loan was led by Banesto, BBVA, Calyon, Fortis, ING, Intesa Sanpaolo, Mizuho, Santander, West LB and the GB group. The facility is expected to be operational in June 2009. The company is owned by ENAP, Endesa Chile, Metrogas and BG Group.