The energy team in the Birmingham office of law firm Shakespeare Martineau has completed the latest stage in a major piece of work for National Grid Grain LNG Limited (Grain LNG), part of National Grid, as it announces its latest plans for a potential significant boost in capacity at its liquefied natural gas (LNG) importation terminal in the UK.
Based in the Thames estuary, Grain LNG’s terminal is a vital part of the UK’s energy infrastructure, with the largest LNG tank capacity in Europe. Allowing direct access to the UK’s NBP (National Balancing Point) trading hub, current capacity at the terminal is in high demand among leading global energy companies.
The next phase of redelivery capacity – which could increase Grain’s storage to 1,200,000 m3 and regasification capacity to 780 GWh/d – will be operational from mid-2025. The ‘open season’ process for parties interested in taking advantage of the boosted capacity began on Friday 1 November and will end on 31st March 2020.
Led by Birmingham-based senior partner and head of energy, Andrew Whitehead, with key support from legal director Chandni Ruparelia, in the firm’s London office, Shakespeare Martineau worked closely with the Grain LNG team to develop the extensive access rules and other commercial arrangements on which the new capacity will be offered.
Andrew Whitehead, senior partner and head of energy at Shakespeare Martineau, said: “This is a milestone for Grain LNG and is a significant moment for the UK’s energy market. LNG will remain an essential part of the country’s energy mix for many years to come, so it is paramount that we continue to increase capacity wherever possible; improving diversity of supply and strengthening the UK’s position as a global gas hub.
“This is the first stage of the process for Grain LNG, involving a large amount of highly-technical contract work. It’s been a fantastic experience working collaboratively with them up to now and we’re looking forward to seeing the results of a successful open season process.”
Nicola Duffin, Head of Commercial at Grain LNG, said: “With the help of Shakespeare Martineau, we have developed a unique and innovative service offering, designed to provide capacity holders with maximum flexibility. As we progress through the open season, we will be working closely together to ensure that the final contracts meet market needs.”