ECP Successfully Closes Acquisition of Grain LNG with Centrica plc

Core Insights - Energy Capital Partners (ECP) has successfully completed the acquisition of Grain LNG from National Grid for an enterprise value of approximately £1.5 billion, enhancing the UK's long-term energy security [1][2] Company Overview - ECP is a leading investment firm focused on energy transition infrastructure, with a commitment to investing in strategic assets that provide reliable and sustainable energy [5] - In 2024, ECP combined with Bridgepoint Group, managing a total of $87 billion in assets across private equity, credit, and infrastructure [5] Grain LNG Details - Grain LNG is Europe's largest LNG regasification terminal, located at Isle of Grain, with an annual regasification capacity of 21.7 billion cubic meters (bcm) and tank storage capacity of 1,000,000 cubic meters [3] - The terminal is currently undergoing an expansion of 5.3 bcm additional regasification capacity and an additional 200,000 cubic meters of storage capacity, which will enable it to meet up to one-third of the UK's gas demand [3] - Grain LNG is fully contracted until 2029, with over 70% contracted until 2038 and more than 50% contracted to 2045, ensuring stable revenue streams [4] Strategic Importance - The acquisition of Grain LNG is positioned to address the growing need for dependable LNG supply in the UK and Europe, reflecting ECP's long-term commitment to energy transition [2] - Grain's strategic location east of London provides efficient loading and storage capabilities, offering advantageous access to UK markets [4]