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New Enap business unit to focus on LNG

  • Mercados: Electricity, Natural gas
  • 17/07/14

Chile´s state-owned Enap has created a new business unit dedicated to gas and electricity, reflecting its expansion beyond its core downstream and upstream divisions.

The energy and gas unit is headed by Andres Alonso, the former head of energy and water resources at state-owned copper mining giant Codelco.

A main focus of the new unit is LNG. Enap has a 20pc share in the country´s Quintero LNG receiving terminal and is one of the facility´s three importers.

The unit will also focus on electricity tied to its LNG supply. Enap has been seeking to develop a gas-fired power plant to supply its 104,000 b/d Aconcagua oil refinery.

Alonso, who served as vice president of GNL Mejillones during his Codelco tenure, is the latest executive appointment made by new Enap chief executive Marcelo Tokman. GNL Mejillones is Chile´s northern LNG terminal, which is led by Codelco.

Enap also announced the appointment of two executives who had served as advisors to Tokman during his former tenure as head of Chile´s national energy commission (CNE). Francisco Peralta was named executive director. And Gabriel Mendez was named corporate affairs manager to handle community relations.

In separate news issued today, Enap announced it has reached an agreement with the national defense counsel (CDE) to close an indemnity case tied to a 2007 oil spill in San Vicente.

As part of the agreement, Enap agreed to make an "important donation" to the environment ministry´s environmental protection fund, in addition to funds and projects in the Bio Bio region to which the firm had earlier committed.

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