LNG

The US subsidiary of the UK’s National Grid Plc, which has several transmission and utility businesses in the US Northeast, has asked Massachusetts utility regulators to approve an agreement with US company Constellation Energy that would keep the Everett liquefied natural gas import terminal near Boston in operation until at least 2030 and beyond.

National Grid Plc, the UK power transmission and infrastructure company with several businesses in the US and the Isle of Grain LNG import near London, reported declines in fiscal first-half profits while investments in projects increased amid a more positive winter energy outlook for the UK and its near neighbours.