Tuesday, 02 January 2024 12:17 GMT

Qatarenergy Commences Utilization Of LNG Storage And Regasification Capacity At UK's Isle Of Grain Terminal


(MENAFN- The Peninsula) The Peninsula

Doha, Qatar: QatarEnergy announced the commencement in July of utilization of the long-term LNG delivery, storage, and regasification capacity at the Isle of Grain terminal in the United Kingdom.

The capacity of up to 7.2 million tons per annum will be utilized pursuant to a long-term agreement signed in October 2020. The first LNG cargo to be delivered under this agreement was successfully unloaded at the Isle of Grain terminal on July 15, 2025, marking the start of the 25-year term of the agreement.

Commenting on this occasion, HE Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy said:“We are pleased to commence utilization of the LNG storage, and regasification capacity at the Isle of Grain terminal. This is an important milestone, which expands our LNG storage portfolio, and marks a significant step in QatarEnergy's strategic expansion into the UK gas market through Europe's largest LNG receiving terminal.”

Commencing the utilization of the Isle of Grain's terminal capacity also complements QatarEnergy's wholly owned subsidiary, QatarEnergy Trading's existing LNG terminal capacities at Zeebrugge (Belgium) and Montoir (France), reinforcing its commitment to providing reliable LNG supplies across Europe, while enhancing the flexibility of its global LNG portfolio and supporting the rapid growth of its business.

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