Britain's new LNG terminals lure tankers

Britain is absorbing some of the excess liquefied natural gas (LNG) in the global market, with its new import terminals demanding commissioning cargoes and older facilities offering a way in to Europe’s biggest gas market.

After over two years of inactivity at Britain’s Teesside import facility, the company that finished building it in early 2007, U.S.-based Excelerate Energy, made its first commercial delivery on Tuesday with super-cooled gas from Trinidad.

Texas-based Excelerate, which is 50 percent owned by German utility RWE, can feed gas directly from its specially designed tankers into the gas grid but has not done so until now because other markets were more attractive than Britain.
Reuters