Ancala Partners, the independent infrastructure investment manager, has acquired a 50 percent interest in Dragon LNG, the LNG regasification terminal located at Milford Haven, Wales.
Ancala acquired the interest on behalf of its managed funds from PETRONAS LNG Sdn. Bhd., a subsidiary of Petroliam Nasional Berhad (PETRONAS). Transaction terms were not disclosed.
Dragon LNG is one of three LNG regasification terminals in the UK. The terminal has a gas send out rate to the UK’s National Transmission System of up to 9 billion cubic metres per annum, providing clean and reliable energy for millions of commercial and residential UK users. Facilities at the terminal were recently enhanced through commissioning of a reliquification plant.
PETRONAS will continue to be a customer of Dragon LNG as a counterparty to a long-term throughput agreement with the terminal.
For more information visit www.ancala.com