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News

National Grid to Sell LNG Terminal to Centrica Consortium

The Wall Street Journal on MSN · 18h
National Grid to Sell LNG Terminal to Centrica Consortium in $2 Billion Deal
Grain LNG comprises two National Grid subsidiaries which own and operate the U.K.’s largest liquefied natural gas import terminal under-long term contracts.
GlobalData on MSN · 20h
Centrica to acquire Isle of Grain LNG terminal from National Grid
The enterprise value of the transaction is £1.5bn ($2bn), with Centrica's equity investment amounting to approximately £200m for a 50% share.
Financial Times · 23h
Centrica to buy National Grid’s LNG terminal in £1.5bn deal
British Gas owner and Energy Capital Partners form joint venture to take over import facility in Thames estuary
21hon MSN

British Gas-owner buys huge LNG terminal for £1.7bn

The sale needs approval from regulators and the government, but is expected to go through by the end of the year.
17h

Centrica strikes £1.5bn deal for Europe’s biggest gas import terminal

Centrica has struck a £1.5bn deal for Europe’s biggest gas import terminal as it prepares for Britain to be increasingly ...

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