UK's Grain LNG Launches 2029 Capacity Solicitation for 125 GWh/day

en.Wedoany.com Reported - Following the expiration of existing contracts, a capacity solicitation has been launched for capacity expected to be released from October 2029, allowing market participants to apply for long-term access to the terminal's existing infrastructure. This initiative aims to plan allocation arrangements in advance for upcoming contract expirations.

The planned capacity release includes approximately 200,000 cubic meters of LNG storage capacity and 125 GWh/day of regasification capacity (approximately 3 million tonnes per year), along with associated berth usage rights. Potential product structures include full capacity awards, split capacity supported by capacity sharing arrangements, and joint bidding structures.

Grain LNG seeks non-binding expressions of interest from market participants through this solicitation and invites feedback on the proposed capacity sharing arrangements, which are designed to support alternative product structures and enhance customer flexibility.

Simon Culkin, Managing Director of Grain LNG, stated that the terminal plays a key role in supporting UK supply security and providing flexible access to the global LNG market. This solicitation helps understand market demand and ensures that the proposed capacity products and supporting arrangements align with actual market needs.

The solicitation for expressions of interest will remain open until July 15, 2026, after which feedback will be reviewed to determine the final product offering. Whether to proceed with a formal capacity allocation process and related timelines will be announced separately.

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