The Isle of Grain terminal currently has capacity of 14.3 MTPA and following completion of an expansion for an additional 3.8 MTPA ( which is which is due to be completed in by mid-2025 ), the terminal ’ s capacity will be 18.1 MTPA – making it the largest import terminal in Europe . The South Hook terminal currently has capacity of 15.4 MTPA , and Dragon LNG currently has capacity of 5.6 MTPA .
The UK receives virtually all of its LNG deliveries on a spot ( rather than long-term ) basis allowing it to be flexible on its LNG import levels .
Glossary of Terms
Bunkering : small-scale LNG reloading ( i . e . reloading of unloaded LNG onto bunkering vessels fuelled by LNG )
Bcfd : billion cubic feet per day
EC : European Commission , the EU ’ s executive arm
ESG : Environmental , social , and governance
EU : European Union
FID : Final Investment Decision
FSRU : floating storage and regasification unit
FSU : floating storage unit
GHG : Greenhouse gas
GIIGNL : The International Group of Liquefied Natural Gas Importers
IOC : International Oil Company
JKM : the LNG Japan / Korea Marker
LNG SPA : LNG sale and purchase agreement m3 : cubic metres
MT : million tonnes
MTPA : million tonnes per annum
MW : mega watt
NBP : National Balancing Point ( NBP ), the UK ’ s virtual trading point for gas
Net of re-exports : an LNG cargo may be unloaded in a country but then reloaded onto another vessel ( i . e . the LNG doesn ’ t remain in the country where it is first unloaded ), including by transhipment
Transhipment : the transfer of a cargo of LNG from one LNG vessel to another
tCO2e : tonnes of carbon dioxide equivalent
TTF : Title Transfer Facility ( TTF ), the virtual trading point in the Netherlands
TSO : Transmission Services Operator
USD : United States Dollar
For more information about Bracewell ’ s LNG practice , please contact Nina Howell or Adam Quigley by clicking on their photos below .
Key Contacts
Nina Howell Partner London
Adam Quigley Associate London bracewell . com