Yahoo! Finance
Summary
Centrica has partnered with Energy Capital Partners (ECP) to acquire the Isle of Grain liquified natural gas (LNG) terminal in the UK from National Grid.
The enterprise value of the transaction is £1.5bn, with Centrica's equity investment amounting to approximately £200m for a 50% share.
Grain LNG is integral to the UK's energy security, offering essential LNG import/export, regasification and storage capabilities.
The transaction presents opportunities for operational efficiencies and future development, including potential projects in combined heat and power, bunkering, and hydrogen and ammonia production.
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