LNG

National Grid plc of the UK said annual operating profits from the Isle of Grain LNG import terminal in Kent, the largest in Europe, rose by 5 percent with only 30 percent capacity utilization, while its large investments in US operations were offset by regulatory setbacks.

The New York State Department of Environmental Conservation and the New Jersey Department of Environmental Protection have rejected the Northeast Supply Enhancement project of pipeline company Williams, one of whose customers would be UK LNG importer terminal owner National Grid.