This month marks the one-year anniversary since VTTI completed its acquisition of a 50 percent equity stake in Dragon LNG, an onshore LNG import terminal strategically located in Milford Haven, Wales, UK.
Dragon LNG’s regasification terminal is one of three LNG terminals in the UK, featuring facilities for LNG receiving, storage, reliquefication, regasification, and send-out. The terminal has the capacity to deliver up to 9 billion cubic metres of gas annually to the UK national transmission system.
Guy Moeyens, CEO of VTTI, stated, “One year on, we are proud of the progress we have made together with Shell and Dragon LNG. This joint venture plays an important role in VTTI’s commitment to supporting secure, reliable energy while contributing to the broader energy transition. With our deep expertise in energy infrastructure, strong collaboration with the Dragon LNG team, and the valued participation of Shell as the other shareholder, we are excited to continue operating safely and reliably and to support a more sustainable future for the terminal and the community it serves.”
Simon Ames, managing director of Dragon LNG and Dragon Energy, added, “Since VTTI joined as our new shareholder, we have received strong support during an important period for Dragon LNG. This collaboration has helped us advance key priorities, including preparations for future capacity auctions and our wind park development. I look forward to a strong future with both Shell and VTTI as we continue to contribute to the UK’s energy transition, support our local community, and drive economic growth in West Wales.”
For more information visit www.vtti.com
