Gas Atacama FLNG Terminal

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Gas Atacama FLNG Terminal was a proposed LNG terminal in Antofagasta, Chile. There have been no updates since 2014 and the project is presumed to be cancelled.

Location

The proposed terminal was to be built in Mejillones Bay, approximately 1.6 kilometers off the coast of Antofagasta, Chile.

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Project Details

• Parent: Gas Atacama
• Location: Mejillones Bay, Antofagasta, Chile
• Coordinates: -23.081977, -70.455124 (approximate)
• Capacity: 1.4 mtpa, 0.2 bcfd
• Status: cancelled
• Type: Import
• Start Year:

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

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. 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.

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

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