British Gas Owner Centrica to Buy Grain LNG Terminal for £1.66bn

Centrica Buys UK’s Biggest LNG Import Terminal for $2 Billion

The owner of British Gas, Centrica, has partnered with investment firm Energy Capital Partners LLP to buy the UK’s largest LNG import terminal at the Isle of Grain for an enterprise value of $2 billion (£1.5 billion).  Centrica and Energy Capital Partners are buying the Isle of Grain terminal, known as Grain LNG, from National Grid, the UK energy firm said on Thursday.   Part-owning Grain LNG is in line with Centrica’s strategy of investing in c…

British Gas owner Centrica to buy Grain LNG terminal for £1.66bn

The sale needs approval from regulators and the government, but is expected to go through by the end of the year.

Centrica Joins ECP in £1.5 Billion Deal for Key LNG Terminal

(Bloomberg) — Centrica Plc and Energy Capital Partners agreed to jointly purchase the UK’s Grain LNG terminal from National Grid Plc, in a £1.5 billion ($2 billion) deal that underlines the British utility’s long-term investment strategy.

British Gas owner takes stake in Europe’s biggest LNG terminal in £1.5bn deal

Centrica and Energy Capital Partners have agreed to acquire the Isle of Grain terminal from current owner National Grid.

Centrica, ECP Buy UK Grain LNG Terminal for £1.5 Billion

Centrica Plc and Energy Capital Partners agreed to purchase the Grain LNG terminal in the UK from National Grid Plc in a deal valued at £1.5 billion ($2 billion).