London: Liquefied natural gas (LNG) import company South Hook Gas, and the London office of the regasification facility, South Hook LNG Terminal, celebrated their 5th anniversary and the move to London’s iconic Shard building yesterday.
The new offices were inaugurated by the Minister of Energy and Industry H E Dr Mohamed bin Saleh Al Sada in the presence Michael Fallon, UK Minister of State for Energy & Climate Change.
In a speech marking the occasion, Dr Al Sada hailed “the great relations between the State of Qatar and the United Kingdom, nurtured and developed under the leaderships of His Highness the Emir Sheikh Tamim bin Hamad Al Thani, and Her Majesty Queen Elizabeth II”.
He said “our historic relations extend to every aspect of life in both our countries, and are a true model of promoting cooperation, mutual understanding, and the appreciation of cultures, traditions, and people.”
Dr Al Sada noted that South Hook Gas was happy to be one of the contributors to the UK’s energy security.
“In just five years, South Hook Gas has grown rapidly to become the largest LNG importer in the UK, and one of the largest in Europe. It is a reliable energy partner that is capable of meeting up to one fifth of total UK demand.”
Qatar’s Minister of Energy and Industry congratulated the team at South Hook LNG Terminal for a fantastic job in managing a safe and efficient facility, and for transforming it into an important part of the UK’s gas infrastructure.
Michael Fallon reiterated the Qatari Minister’s comments about the vital contribution of these companies to the UK gas market, “Qatar has an excellent reputation as a reliable supplier of gas, not just to the UK but around the world. South Hook’s facility at Milford Haven is a key element in ensuring UK energy security. Qatari investment in London, including here at the Shard, shows that the UK is highly attractive to investors abroad, creating jobs and growth at home.”
As companies with distinct shareholder structures, both South Hook Gas and South Hook LNG Terminal have separate operating parameters, with South Hook Gas being based solely in London.
The Company manages the capacity of the Terminal, by either importing LNG, or by offering regasification services to other companies.
South Hook LNG Terminal, responsible for the operation of the facility located at the Port of Milford Haven in West Wales, has a naturally smaller administrative presence in London.
This year is a milestone for both companies as they celebrate 5 years since commencing operations in 2009. During that time, both companies have transformed from start-up businesses to becoming significant contributors to the UK energy market. .
Since commencing operations in 2009, South Hook Gas has grown rapidly to become the largest LNG importer in the UK and one of the largest in Europe. It has proved itself to be a reliable energy partner by supplying the UK market every day, and it can meet around one fifth of total UK demand.
South Hook LNG Terminal is one of Europe’s largest Liquefied Natural Gas (LNG), regasification facilities. It has the processing capacity of 15.6 million tonnes per annum (mtpa) and is capable of delivering up to 21 billion cubic metres (bcm) per annum of gas into the National Transmission System (NTS) – equivalent to around 20 percent of current UK gas needs.