Grain LNG comprises two National Grid subsidiaries which own and operate the U.K.’s largest liquefied natural gas import terminal under-long term contracts.

National Grid has agreed to sell its Grain LNG terminal near London to Centrica and private equity firm Energy Capital Partners for around $2.04 billion. Why it matters: Grain LNG is Europe's largest liquefied natural gas import terminal,

British Gas owner Centrica will jointly buy National Grid's Grain LNG terminal with U.S.-based infrastructure investor Energy Capital Partners (ECP), it said on Thursday, for an enterprise value of about 1.