The UK’s Grain LNG terminal reached a milestone, receiving its 500th cargo of LNG on 12 March 2020
The 174,000-m3 carrier LNG Merak, a newbuild vessel for Russia’s Yamal LNG project, delivered the cargo from Zeebrugge, Belgium and was the 22nd ship to arrive at Grain this year.
Grain LNG importation terminal manager Simon Culkin said “LNG delivers much needed flexibility and energy reliability, enabling the integration of intermittent renewable energy and provides access to affordable energy”, adding that the fuel will play a key role in the UK achieving its net-zero carbon goals by 2050.
He said LNG imports into the UK increased by nearly 64% in 2019 over 2018 and contributed to a decrease in the wholesale gas price of nearly 55%.
LNG imports have increased significantly in recent months and utilisation rates are up across all terminals in Europe, including at Grain terminal, which in November 2019 exported the highest ever amount of gas in a single day from any European terminal, 698 GWh.
At Riviera Maritime Media’s LNG Ship/Shore Interface Conference, the National Grid’s commercial advisor Paul Ocholla said National Grid is having one of its busiest periods in recent times and stressed the need for more storage in light of the number of new LNG projects coming online.