Chile Looks To LNG As Coal Projects Come Under Fire

Law360, New York (September 4, 2012, 8:21 PM EDT) -- Chilean power producers Colbun SA and AES Gener SA on Monday selected a bidder to supply and operate a liquefied natural gas import terminal, part of a shift in the South American country toward cleaner-burning fuels after two big coal plants saw their environmental permits rejected.

Colbun and AES chose Norway’s Hoegh LNG Holdings Ltd. to deliver a 500-million-cubic-feet-per-day floating LNG regasification vessel by 2014, a contract worth up to $615 million over 15 years.

The announcement comes a week after Chile's highest court denied environmental...
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