National Grid sells LNG terminal to Centrica, Energy Capital for £1.5bn

(Sharecast News) - National Grid said it had sold its Grain LNG terminal to British Gas owner Centrica and US-based Energy Capital Partners, part of Bridgepoint Group, for an enterprise value of £1.5bn.

The Isle of Grain is the UK's largest liquefied natural gas importation terminal. National Grid, which owns and operates Britain's high-voltage electricity transmission network, last year it was seeking to sell Grain as it consolidated its business.

Reporting by Frank Prenesti for Sharecast.com