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Project Insights

UK’s Port Meridian FSRU back on despite doubts

InfraStrata has reached an agreement with Meridian Holdings to build the Port Meridian FSRU project in northwest England, but doubts remain InfraStrata has reached an agreement with Meridian Holdings to build the Port Meridian FSRU project in northwest England, but doubts remain.
By Anna Gumbau 1 August 2019 Europe & Russia / Supply & Demand 0 34452
An LNG cargo arriving at Grain LNG. (National Grid, Flickr)

The key issue: More than 10 years after it was first proposed, the Port Meridian FSRU project in the UK has made another comeback after InfraStrata reached an agreement to develop the floating LNG unit with Cayman-based owner Meridian Holdings Co. earlier this month.

Interfax analysis: London-based gas storage and exploration company InfraStrata has revived the Port Meridian FSRU project despite the development’s long history of delays and changes in ownership. But although the UK’s LNG imports grew steadily between October 2018...