VTTI, a Dutch energy infrastructure firm, has finalised a deal to acquire a 50% ownership in Dragon LNG Group (Dragon LNG) from Ancala, an infrastructure asset manager. The financial details of the transaction have not been disclosed.

LNG Outlook, UK, 2023

This acquisition positions VTTI as a co-owner of a crucial LNG import terminal in the UK, which fulfils about 10% of the UK’s annual gas demand. The Dragon LNG terminal, located near Milford Haven in Wales, boasts comprehensive facilities capable of LNG receiving, storage, reliquefaction, regasification, and send-out.

The terminal has a peak gas send-out capacity to the UK national transmission system of up to nine billion cubic metres.

Additionally, Dragon Energy, operating under Dragon LNG, is investing in renewable energy initiatives, including a solar farm on the terminal grounds. These efforts are aimed at reducing scope 2 emissions at the facility, reflecting the company’s commitment to environmental sustainability.