The 698 GWh of gas represents around a quarter of UK gas demand, which is enough to supply gas to all of London and the South East.
Grain LNG is a critical part of the UK’s energy infrastructure. The terminal offers market participants direct access to the UK’s NBP (National Balancing Point), one of the world’s leading gas trading hubs.
The record set is part of a broader trend that has seen rising demand for capacity from key market players at the terminal over the last year.
UK gas demand is actually only slightly higher than what we’d normally see this time of year. The record activity is due to a global LNG oversupply, which has seen significantly more cargos head for North West Europe. As a result, we’ve seen a sharp increase in demand for capacity at the terminal. We expect utilisation will remain high throughout the Winter and beyond. This is good news for UK consumers, who will benefit from more secure and more competitively priced gas supplies,
… said Nicola Duffin, Commercial Manager for Grain LNG.
Commissioned in July 2005, the terminal is presently able to provide up to 25% of the UK’s gas demand.