LNG

May 18 (LNGJ) - National Grid, the UK utility and owner of the Grain LNG import terminal southeast of London, said its annual operating profit from UK Gas Transmission increased 5 percent to 511 million pounds ($662M) compared with 486M pounds in the previous fiscal year. “UK Gas Transmission delivered a solid performance,” the company said. “We continued to invest in asset health to meet Network Output Measures, which was reflected in strong levels of network availability. Capital investment is expected to rise, reflecting the increased compressor reengineering projects as well as the continued construction of our Feeder 9 project (under the Humber Estuary),” it added.