Spain’s Enagás Internacional and Canadian asset manager Omers Infrastructure are set to divest their stakes in GNL Quintero (GNLQ), a Chilean company that owns a liquefied natural gas (LNG) terminal.

The two companies have reached an agreement to jointly sell their respective shareholdings in GNLQ to a consortium of EIG and Fluxys.

Enagás will sell its 45.4% shareholding in GNLQ through its subsidiary Enagás Chile, for $661m.

Omers Infrastructure will divest its 34.6% stake. The financial details were not divulged.

Commenting on the divestment, Omers Infrastructure Americas senior managing director Gisele Everett said: “We have been an active investor in GNLQ since 2017, and have been privileged to have worked alongside our shareholding partners and GNLQ’s experienced management team.

“During our ownership period, GNLQ has delivered a reliable operational performance, ensuring energy security to its direct and end-user customers.”

For Enagás, the divestment is part of a previously announced asset rotation process.

In a statement, Enagás said: “Since its initial investment in 2012, Enagás has contributed its extensive experience as an industrial partner, sharing the highest operational, maintenance, and sustainability standards with GNL Quintero, and promoting, together with management and its partners, the development of the terminal to position GNL Quintero as a strategic asset for the country´s energy transition.”

GNLQ’s terminal is situated in the Valparaíso region of Chile. It is used for reception, unloading, storage, and regasification of LNG, thereby ensuring a stable supply of natural gas in the central region of the country.

The transaction is scheduled to close in the second half of this year, subject to anti-trust approvals and other conditions.