LNG

Williams, the US natural gas and energy pipelines company with growing LNG interests, has reached an agreement to acquire MountainWest Pipelines Holding Company from Southwest Gas Holdings in a deal valued at $1.5 billion.

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.