July 19 (LNGJ) - National Grid plc, whose strategic and widespread assets include the UK Isle of Grain LNG import terminal, has agreed to sell a further 20 percent equity interest in the UK gas transmission and metering business to the existing majority owners, a consortium of long-term infrastructure investors led by Macquarie Asset Management of Australia. The extra 20 percent will give the consortium 80 ownership of the UK gas transmission assets subject to regulatory clearance.
Martin Bradley, European Head of Infrastructure for Macquarie Asset Management, said the additional investment underlines the group’s commitment to the UK's energy system. “We have been working closely with the National Gas team since January as they have continued to meet the energy needs of millions of households and businesses. We are pleased to continue our strong relationship with National Grid, and aspire to acquire the remaining interest in due course,” Bradley said.
