The market is invited to place legally binding bids for the capacity by 10 March 2020, and Grain LNG is expecting to allocate capacity by the end of March 2020.
The open season offers market participants a brand-new capacity opportunity, following the expiry of the long-term contracts that underpinned the original construction and development of the Grain LNG terminal.
With that effort, underway – our $102 million portfolio has stakes in 18 firms – I want to close out this series by focusing inward. Specifically, I want to detail how we’re disrupting the operations and culture at National Grid – and how we plan to do the same for the broader energy and utility markets.
Putting Our Investments To Work…For Us
LOS GATOS, CA – October 24, 2019 –National Grid Partners , the investment and innovation arm of National Grid plc (LSE: NG; NYSE: NGG), announces three new venture capital investments, thus growing its portfolio to 18 companies.
The UK is at the vanguard of tackling climate change, demonstrating that protecting the environment and economic growth are not mutually exclusive; neither needs to be compromised to achieve the other.
Jon Butterworth, Chief Operating Officer, Global Transmission, National Grid Ventures, shares his thoughts on why the Humber is the place to start the journey of decarbonising industry.
Key to supplying up to a quarter of Britain’s gas, the original River Humber pipeline was built 35 years ago into a trench on the riverbed. Over time the riverbed has moved, which meant the pipeline had to be replaced in order to continue to deliver a reliable supply of gas. Boring this new tunnel, which is 30m at its deepest, took place between April 2018 and Autumn 2019. On completion, the project will achieve the record for the longest hydraulically inserted pipeline in the world.
