In November 2025 we completed the acquisition of the Isle of Grain liquified natural gas terminal for an enterprise value of £1.5bn, with our equity investment of approximately £200m for a 50% share.
Grain LNG, located on the Isle of Grain in Kent, is the UK’s largest LNG importation terminal, Europe’s largest regasification facility, and one of the world’s largest by storage capacity. It plays a central role in national energy security, enabling LNG import, storage and regasification for delivery into the National Transmission System.
In our reporting structure, Grain LNG operates within Centrica Gas.
Since the acquisition completed we have been working closely with our partners ECP and the management team to set up Grain LNG as an efficient standalone business, while continuing to deliver best-in-class safety, reliability and efficiency for capacity holders. In collaboration with ECP, we have established strategic priorities and business goals for Grain LNG, focused on operational excellence, accelerating growth potential and creating long-term value for shareholders as we support the UK's energy transition.
