Less Ads, More Data, More Tools Register for FREE

Britain's Grain LNG terminal exports a European record daily amount of gas

Thu, 14th Nov 2019 16:04

LONDON, Nov 14 (Reuters) - Britain's Grain liquefied natural
gas (LNG) terminal exported the highest ever daily amount of gas
to the UK grid this week , marking record daily exports from a
European LNG terminal, operator National Grid said on
Thursday.

* The terminal on the Isle of Grain, in south-east England,
exported 698 gigawatt hours (GWh) of gas into the country's
network on Wednesday, over 100 GWh more than its previous record
and representing around a quarter of UK gas demand.

* "The record activity is due to a global LNG oversupply,
which
has seen significantly more cargos head for North West Europe,"
said Nicola Duffin, Commercial Manager for Grain LNG.

* "We expect utilisation will remain high throughout the
winter
and beyond," she said.

* LNG volumes sent to the UK gas system hit their highest
levels
since 2010 earlier in November.

(Reporting By Susanna Twidale; editing by Nina Chestney)

Related Shares

More News
Today 17:08

London stocks gain on upbeat corporate earnings

FTSE 100 up 0.4%, FTSE 250 adds 0.6% *

Today 08:59

LONDON MARKET OPEN: Europe up as overlooks New York tech sell-off

(Alliance News) - Stock prices in London opened higher on Thursday, with the FTSE 100 supported by some promising corporate updates.

Today 08:29

National Grid raises underlying earnings guidance on accounting change

(Alliance News) - National Grid PLC on Thursday raised its guidance for underlying earnings per share, following an accounting change.

Today 07:39

National Grid raises underlying EPS guidance on accounting change

(Sharecast News) - National Grid has lifted its profit guidance for the year to 31 March after an accounting change due to a tax relief change announc...

10 Apr 2024 09:28

National Grid files three-year rate plan for New York gas businesses

(Alliance News) - National Grid PLC on Wednesday said it filed a joint proposal with the New York Public Service Commission for a rate settlement.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.