LNG

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.

Jan 17 (LNG) – Three LNG cargoes are heading for the UK Isle of Grain import terminal at the end of January from the US Gulf Coast as prices at the UK National Balancing Point dropped to a 17-month low of $16.70 per million British thermal units, a level last seen on September 2, 2021. The “BW Pavilion Aranda” with capacity of 173,400 cubic metres is scheduled to deliver a cargo on January 28 from the Cameron LNG plant in Louisiana and that was lifted on January 15, according to shipping data. Two other cargoes are being delivered from the Sabine Pass plant in Louisiana.

   The 173,600 cubic metres capacity “Stena Crystal Sky” is scheduled to berth on January 29 at the Medway River terminal to discharge its Louisiana shipment and the third cargo heading for the Kent terminal is scheduled to arrive on January 31 onboard the “Ribero Duero Knutsen” with 173,400 cubic metres of capacity.

North Asian spot liquefied natural gas cargo prices soared to over $20 per million British thermal units amid colder weather in China and Japan as 111 shipments were lifted this week from plants in the Pacific and Atlantic Basins as well as the Arab Gulf region and were pointing at Asia.

A chill wind is blowing through the long-standing Scottish engineering Hall of Fame after the nation failed in its efforts to construct its first LNG-powered ferries on time and on budget and most of those involved in the much-delayed project have been severely criticized by a Government report.

Europe’s largest liquefied natural gas import terminal, the UK Isle of Grain facility located southeast of London, handled its highest ever send-out of natural gas in a single day on November 13.