UK's National Grid seeks buyer for Europe's biggest LNG terminal
British energy infrastructure operator National Grid said it is looking to sell its Grain liquefied natural gas (LNG) terminal in Britain, Europe's largest such facility, in a bid to streamline operations.
"We are also today further evolving our strategy to focus on networks and will therefore be streamlining our business as we announce our intention to sell Grain LNG," the company said when when presenting its 2023/24 business year earnings.
Located on the Isle of Grain in Kent, the import terminal is currently being expanded and will soon have capacity to store and deliver enough gas to meet its target of about a third of the UK's gas demand.
LNG has become an important source of gas supplies to Europe, helping to replace volumes of Russian pipeline gas lost in the wake of the war in Ukraine and damage to the Nord Stream pipeline in the Baltic Sea.
Related News
Related News
- Japan's Mitsubishi to acquire stake in Petronas LNG plant
- McDermott awarded Rovuma LNG Phase 1 FEED contract in Mozambique
- Wood leads industry project to accelerate CCUS with guidelines for CO2 specifications
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Picarro launches handheld solution for natural gas leak investigation and closed-loop leak management
- Fincantieri LNG-powered Star Princess launched in Monfalcone
- Sonatrach, Saudi Aramco raise prices for LPG by 3%–4% in October
- Amarinth secures $1-MM order of API 610 pumps for Coral North FLNG project in Mozambique
Comments