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E.ON Global Commodities and Meridian LNG
Port Meridian
Port Meridian will consist
of a floating storage and regasification unit (FSRU), a subsea pipeline,
and onshore facilities connecting into the UK National Transmission
System. All major construction permits and planning approvals for Port
Meridian have been obtained. Gas deliveries are expected to commence in
2019 subject to Ofgem granting a third party access exemption to Port
Meridian and Meridian LNG. For more information, please visit
www.portmeridian.com
Höegh LNG Meridian LNG, through a Joint Development Agreement (JDA) with Höegh LNG, will ship LNG to Port Meridian using a combination of traditional LNG carriers as well as the FSRU. Höegh will act as the supplier and operator of the FSRU and carriers (collectively the “Vessels”) and under an option agreement included in the Joint Development Agreement would retain a 51 percent interest in the Vessels with Meridian LNG owning the remaining 49 percent, should Meridian choose to exercise that option. For more information on Höegh LNG, please visit www.hoeghlng.com Meridian LNG Meridian LNG is a wholly owned portfolio company of a fund advised by West Face Capital Inc., one of Canada’s leading alternative investment managers. Meridian LNG is focused on the development of Port Meridian as well as its co-ownership of Vessels with Höegh LNG under the Höegh JDA. Meridian LNG also has plans to build an LNG import terminal located offshore Long Island, NY (www.portambrose.com) to address seasonal or peak natural gas demand. For further information, please contact info@meridianlng.com E.ON Global Commodities E.ON Global Commodities (EGC) is the energy trading arm of E.ON, one of the world’s largest investor-owned power and gas companies. As the commercial hub for E.ON to the international wholesale markets, it sources, stores, transports, markets and trades energy commodities on a global scale. The company also owns and operates a pipeline infrastructure business, which supports gas supply and trading activities, and an unbundled gas storage business. EGC is involved in regasification terminals across Europe and has booked 1.7 billion cubic meters (bcm) per year of long-term capacity at the Grain LNG Terminal in the UK and 3 bcm per year of long-term capacity at the Gate Terminal in the Netherlands. Further, EGC has access to Spanish regasification capacity in Huelva and Barcelona.
Source: E.ON
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