Energy Capital Partners (ECP) and Centrica plc acquired the Grain LNG terminal from National Grid for approximately £1.5 billion (or around $2.01 billion)
Grain LNG is Europe's largest LNG regasification terminal and is located at Isle of Grain, to the east of London. The terminal has annual regasification capacity of 21.7 bcm and tank storage capacity of 1,000,000 m³. Grain is currently undergoing an expansion of 5.3 bcm additional regasification capacity and an additional 200,000 m³ of storage capacity.
Slaughter and May acted as legal adviser to Centrica. Latham & Watkins served as legal adviser to ECP.