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EUROPE’S LARGEST LNG IMPORT TERMINAL
SECURES THE FUTURE OF UK SUPPLIES
NATIONAL GRID’S GRAIN LNG and
Qatar Terminal Ltd (QTL), a subsidiary
of Qatar Petroleum, have announced
a 25-year agreement that will provide
the Qatari company with storage and
redelivery capacity at Grain LNG from
mid-2025.
The agreement marks the
conclusion of Grain LNG’s competitive
‘Open Season’ process, which kicked
off in November 2019, and secures
the future of Europe’s largest LNG
import terminal.
The agreement was signed at a virtual
ceremony held by His Excellency Mr
Saad Sherida Al-Kaabi, the Minister of
State for Energy Affairs and President
and CEO of Qatar Petroleum, and Jon
Butterworth, Managing Director of GRAIN LNG AND QATAR TERMINAL LTD
SIGN LONG-TERM AGREEMENT
National Grid Ventures, part of National
Grid plc, in the presence of Kwasi has recently benefited from a rise in terminal in Europe and eighth largest
Kwarteng, UK Minister of State for LNG imports, which have contributed in the world by tank capacity with
Business, Energy and Clean Growth. to lower wholesale gas prices by a site that spans over 600 acres in
Grain LNG, located on the Isle of increasing ‘gas-on-gas’ competition. total, delivering high performance for
Grain in Kent, is currently able to store Grain LNG is of strategic national customers, communities and National
and deliver enough gas to meet at least importance to UK energy infrastructure Grid, through unparalleled safety,
25 per cent of UK gas demand. The UK and security of supply. It is the largest reliability and efficiency.
CADENT PLEDGES TO FUND 40,000 MEALS CADENT HAS PLEDGED to fund
40,000 meals as it joins the
FOR VULNERABLE CHILDREN AND FAMILIES nationwide effort to stop vulnerable
children and families going hungry.
Individuals and businesses up and
down the country are rallying to a
cause championed by Manchester-
born footballer Marcus Rashford MBE.
Cadent, which manages the
underground gas network in the
England star’s home city, has
confirmed a donation to the charity he
supports, FareShare.
“We’re one big family here at
Cadent. Looking out for and looking
after people – especially those in
vulnerable situations – is just what we
do,” said Steve Fraser, Chief Executive.
“We don’t want to see anyone go
hungry and really feel this donation is
the right thing to do.”
Cadent looks after four of the UK’s
gas networks – North West England,
the West Midlands, East and North
London. It directly employs over 4,000
people and many thousands more via
sub-contractors.
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