Gas Atacama FLNG Terminal

From Global Energy Monitor
Part of the
Global Gas Infrastructure Tracker,
a Global Energy Monitor project.
Download full dataset
Report an error

Gas Atacama FLNG Terminal, also known as Terminal de FLNG de Gas Atacama and Terminal de FLNG de Gas Atacama, is a cancelled (inferred 4 y) LNG import terminal in Chile.

Location

Table 1: Location details

Name Location Coordinates (WGS 84)
Gas Atacama FLNG Terminal Mejillones, Antofagasta, Chile[1][2] -23.1, -70.45 (approximate)

The map below shows the approximate location of the terminal:

Loading map...

Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year
Name Facility type Status Capacity Total terminal capacity Offshore Associated infrastructure
Gas Atacama FLNG Terminal import[3] cancelled (inferred 4 y) 1.4 mtpa[4] 1.4 mtpa True –

Table 3: Cost

Name Facility type Cost Total known terminal costs
Gas Atacama FLNG Terminal import[3] US$350,000,000[3] US$350,000,000

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward
Name Facility type Status Proposal year FID year Construction year Operating year Inactive year
Gas Atacama FLNG Terminal import[3] cancelled (inferred 4 y) – – – –[4][4] 2018 (cancelled)

Ownership

Table 5: Ownership

Name Facility type Status Owners Parent companies Operator
Gas Atacama FLNG Terminal import[3] cancelled (inferred 4 y) GasAtacama [100%][2] Endesa SA [100.0%] –

Background

In 2011, electricity company GasAtacama, which was already supplying natural gas to Chilean mines from the Mejillones LNG Terminal, announced plans to build its own offshore LNG terminal to supply metal mines in Chile's Atacama desert.[5] The proposed terminal was to be built in Mejillones Bay, approximately 1.6 kilometers off the coast of Antofagasta, Chile.[6][5] Cost of the project was estimated at $350 million. However, as mining in Chile decreased in value in subsequent years, financial interest in the project wavered and potential deals with gas suppliers were delayed. High costs, tepid expansion by mining operations, and local opposition contributed to a significant slowdown in investment in the project.[7]

In 2014, Endesa bought out Southern Cross's share (50%) of GasAtacama for $309 million for total ownership.[8]

There have been no updates since 2014 and the project is presumed to be cancelled.

Articles and Resources

Additional data

To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.

References

  1. ↑ http://bit.ly/2nhf7pM. {{cite web}}: Missing or empty |title= (help)
  2. ↑ 2.0 2.1 https://www.icis.com/explore/resources/news/2011/06/28/9473000/chile-s-gasatacama-launches-mejillones-fsru-plan. {{cite web}}: Missing or empty |title= (help)
  3. ↑ 3.0 3.1 3.2 3.3 3.4 https://www.reuters.com/article/chile-copper-lng-idUSL2N0N21A420140410/. {{cite web}}: Missing or empty |title= (help)
  4. ↑ 4.0 4.1 4.2 http://abarrelfull.wikidot.com/gas-atacama-floating-lng-import-terminal. {{cite web}}: Missing or empty |title= (help)
  5. ↑ 5.0 5.1 "Chile's GasAtacama launches Mejillones FSRU plan | ICIS". ICIS. June 28, 2011.{{cite web}}: CS1 maint: url-status (link)
  6. ↑ Gas Atacama FLNG Terminal, A Barrel Full, accessed May 2021
  7. ↑ Alexandra Ulmer, "Chile's GasAtacama has US LNG providers lined up, awaits miners", Reuters, April 10, 2014
  8. ↑ Endesa acquisition revives interest in Chilean GasAtacama LNG project, ICIS, April 2, 2014