VTTI announced its acquisition of 50 percent of Dragon LNG in the United Kingdom, marking a significant expansion in LNG regasification infrastructure. Dragon LNG and Dragon Energy regasification terminal stand as one of the three LNG terminals in the UK, with a gas send-out capacity to the UK national transmission system of up to 9 billion cubic metres, supplying approximately 10 percent of the UK’s annual gas demand.
“As part of VTTI’s Strategy 2028, we are committed to expanding and enhancing LNG regasification infrastructure globally. Our aim is that half of our portfolio is in transitional and sustainable energy sources by 2028. Following the recent agreement in Italy to acquire a 70 percent equity stake in Adriatic LNG and the ongoing development of a new LNG import facility in Vlissingen in the Netherlands, this acquisition reflects our commitment to diversify into LNG as a transitional energy source. We are looking forward to partner with Shell to ensure that Dragon LNG continues to operate in a safe and reliable manner while accelerating its decarbonisation and growth path,” said Guy Moeyens, CEO of VTTI.
The terminal encompasses LNG receiving, storage, reliquefaction, regasification, and send-out facilities. VTTI’s agreement entails acquiring Ancala’s 50 percent shareholding, while the remaining shareholding remains held by Shell.
For more information visit www.vtti.com
