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 UK Isle of Grain LNG import terminal southeast of London, owned by National Grid plc, has launched an open season process for customers interested in buying capacity at its storage facilities.