The UK’s National Grid reportedly wants to sell its Dynevor Arms LNG storage site in South Wales and will close half of a similar facility in northwest England next spring.
The move comes in light of developments at two new such sites, set to be operational this winter. It does not mean however, that the facility will cease to exist altogether as it is open to offers from parties who may be interested in investing.
The energy network operator will not need Dynevor Arms once two new LNG import terminals open in South Wales this winter. Meanwhile, the company plans to use just two of the storage tanks at Partington near Manchester from May next year.
National Grid hopes to complete the storage site sale in the first quarter of 2009.
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