Qatar Petroleum books capacity at UK’s Grain LNG terminal

State-owned Qatar Petroleum signed a deal booking receiving and storage capacity up to 2050 at the UK’s Isle of Grain LNG terminal.

An affiliate of QP and the National Grid Grain LNG signed the 25-year deal during a virtual ceremony on Tuesday.

Furthermore, the deal will enable the QP unit to utilize the Grain LNG receiving terminal in Kent from mid-2025.

The firm booked the equivalent of up to 7.2 mtpa of the terminal’s future throughput capacity.

QP said the agreement marks the conclusion of Grain LNG’s competitive “Open Season” process, which started in November 2019.

“By entering into this agreement, we are reaffirming our commitment to the UK’s gas market,” Qatar’s energy minister and chief executive of QP, Saad Sherida Al-Kaabi, said.

“We believe this agreement will facilitate a greater role for LNG as a reliable, economic, and environmentally friendly source of energy in the UK,” he said.

Grain LNG expansion

Located on the UK’s southeast coast in Kent, the Grain LNG terminal started operations in 2005.

The terminal is currently able to meet at least 25% of the UK’s gas demand.

It has one bcm of LNG storage capacity spread across eight tanks and an annual throughput capacity of 20 bcm.

This agreement will allow National Grid to expand the Grain LNG facilities. These, amongst others, include an additional tank and associated vaporizer capacity, bringing its future annual throughput capacity to 25 bcm.

- Advertisements -

Most Popular

LNG tanker suffers rudder failure in Suez Canal

NYK's 2021-built LNG carrier Grace Emilia suffered a malfunction of its rudder in the Suez Canal on Wednesday, but...

Samsung Heavy to build LNG carrier duo for about $496 million

South Korean shipbuilding giant Samsung Heavy Industries has won a new order to build two liquefied natural gas (LNG)...

Tellurian secures one more month to fulfill Gunvor LNG supply deal

Tellurian, the developer of the Driftwood LNG export project in Louisiana, has secured one more month to meet the...

More News Like This

Hudong-Zhonghua kicks off work on MOL’s LNG carrier as part of Qatari project

Chinese shipbuilder Hudong-Zhonghua has started building one 174,000-cbm LNG carrier that Japan's MOL ordered as part of the giant...

UK’s Grain LNG terminal received record number of vessels in 2022

National Grid’s Grain LNG import terminal in the UK received a record number of LNG carriers last year on...

QatarEnergy and ExxonMobil progress Golden Pass LNG construction work

QatarEnergy and ExxonMobil are moving forward with the construction of their Golden Pass LNG export terminal on the US...

US to increase LNG supplies to UK under new deal

The US will boost supplies of liquefied natural gas (LNG) to UK terminals under a new deal revealed on...