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Grain LNG benefits from price drop

The UK terminal’s operator hopes the high level of imports seen after the recent fall in LNG prices will increase interest in the extra capacity it plans to make available from 2025 The UK terminal’s operator hopes the high level of imports seen after the recent fall in LNG prices will increase interest in the extra capacity it plans to make available from 2025.
By Silvia Favasuli 2 days ago Europe & Russia / LNG 0 34217
The Arctic Princess delivers the commissioning cargo for Grain LNG's Phase 3. (National Grid, Flickr)

The UK’s Grain LNG terminal benefited significantly from the wave of low-cost spot LNG that hit Europe in the 2018/2019 winter. The terminal received 38 vessels between November 2018 and April 2019 compared with 13 between November 2017 and April 2018.

Cargoes arrived from nine different sources in Q1 2019, Oliver Wood, business development manager at National Grid – the owner and operator of Grain LNG – told delegates at the Flame conference in Amsterdam on Monday. The suppliers were Russia, Algeria, Qatar, Trinidad, Peru, the...