Published by Global Banking & Finance Review®
Posted on August 13, 2025
2 min readLast updated: January 22, 2026
Centrica and Energy Capital Partners are negotiating a $2 billion acquisition of National Grid's LNG terminal to streamline operations amid market disruptions.
(Reuters) -British Gas owner Centrica and Energy Capital Partners are in talks to buy the Isle of Grain LNG terminal from National Grid in a deal valued at about 1.5 billion pounds ($2.03 billion), the Financial Times reported on Wednesday.
Centrica declined to comment on the FT report, while National Grid and Energy Capital did not immediately respond to Reuters' requests for comments.
National Grid, which owns and operates Britain's high-voltage electricity transmission network, had said last year it was seeking to sell its Grain LNG terminal, Europe's largest such facility, as part of its efforts to streamline operations.
FT said a deal could be announced shortly.
Centrica announced in July it had signed an agreement to acquire a 15% equity stake in Britain's new nuclear project, Sizewell C. The company also reported a drop in its first-half profit.
Hong Kong's CK Infrastructure Holdings was among the interested parties for the terminal, but has reportedly dropped its pursuit, Bloomberg News reported earlier this month.
LNG has become a vital source of gas for Europe, especially after the Russia-Ukraine conflict and as the subsequent Western sanctions on Russia disrupted energy markets. The resulting price surge continues to weigh on British consumers.
($1 = 0.7373 pounds)
(Reporting by Gnaneshwar Rajan and Mrinmay Dey in Bengaluru; Editing by Maju Samuel and Shreya Biswas)
LNG stands for Liquefied Natural Gas, which is natural gas that has been cooled to a liquid state for ease of storage and transport.
Corporate governance refers to the systems and processes that direct and control a company, ensuring accountability and transparency in its operations.
Market conditions refer to the various factors that affect the supply and demand for goods and services in a market, influencing pricing and availability.
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
Investment is the act of allocating resources, usually money, in order to generate income or profit over time.
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