£1.5 billion enables UK-US pair to get their hands on Europe’s giant LNG terminal

UK-based energy player Centrica and U.S. investment firm Energy Capital Partners (ECP), part of Bridgeport Group, have brought into their fold a liquefied natural gas (LNG) terminal in Kent County, United Kingdom.

Following the initial acquisition step in August 2025, the duo has completed the acquisition of the Grain LNG terminal from National Grid for an enterprise value of £1.5 billion. After taking into account £1.1 billion of new non-recourse project finance debt, Centrica’s 50% share of the equity investment is approximately £200 million.

Chris O’Shea, Group Chief Executive of Centrica, commented: “Having a reliable, constant supply of gas is critical to both the UK’s energy security and its journey to clean energy. So, we are thrilled to complete the acquisition of the Isle of Grain terminal alongside our partner, ECP.

“This investment delivers attractive returns and continues Centrica’s pivot towards stable, predictable infrastructure earnings. We look forward to working closely with the Grain LNG team to unlock the full value of this asset for customers and the country.”

The UK firm portrays the terminal as Europe’s