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LONDON - National Grid plc announced Friday it has completed the sale of its Grain LNG business to a consortium comprising Centrica plc and Energy Capital Partners, which is part of Bridgepoint Group plc.
The transaction involves the Grain Liquefied Natural Gas (LNG) terminal, though financial details of the deal were not disclosed in the company’s statement.
Grain LNG operates one of the UK’s key energy infrastructure assets, capable of receiving, storing and regasifying liquefied natural gas for the British market.
National Grid, one of the world’s largest publicly listed energy network companies, focuses on building and maintaining energy networks across the UK and US. The company is involved in the transmission and distribution of electricity and gas, serving millions of customers.
The sale aligns with National Grid’s ongoing portfolio management as it navigates the evolving energy landscape. The company describes itself as being "at the heart of a transforming energy system," working to build reliable networks for the future.
Centrica, the parent company of British Gas, has expanded its energy infrastructure holdings through this acquisition, while Energy Capital Partners brings its expertise as an energy transition infrastructure investment firm.
The information was disclosed in a press release statement issued by National Grid.
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