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Full flexibility
“ In the last year and a half, Dragon has continued to bring in strong numbers of LNG carriers into the UK. With that, we’ ve been upgrading a lot of our equipment, such as the control systems to our vaporizers and our flare and relief safety systems. Aside from these equipment upgrades, we’ ve been doing a lot of work across our site, particularly in terms of normal plant operations, maintenance, and capital projects,” Simon begins, thrilled to share Dragon’ s latest developments.
“ Alongside these projects, we completed the capacity marketing consultation phase for our LNG terminal access auction in the early summer, wherein we went to Ofgem to get their approval to enter into the formal parts of the auction process,” he continues.“ We’ ve since conducted the market consultation, where we released our documentation into an online data room and invited customers to observe under NDA the product that we will take to market and offer through that auction process.
“ In September 2025, we attended Gastech in Milan, and had good, strong discussions about our market offering, and we found that there was a great deal of interest. We’ re now in the process of providing an overall summary of that feedback to Ofgem, and we’ re hoping to be able to provide a notice of auction and the final documentation in January 2026.”
The market consultation officially closed on October 17th after being extended due to significant interest. With the terminal boasting over nine billion cubic meters of regasification capacity, which can be accessed by prospective customers as soon as August 26th, 2029, Dragon looks forward to offering unmatched access flexibility and reliability through its innovative‘ bundle model’. Under Dragon’ s bundle model, customers can access tranches as small as 1.11 billion cubic meters per annum, all the way up to its full nine billion cubic meter capacity.
“ The bundle model means that our customers will have a primary access agreement that will give them security to access our terminal when needed; it’ s that slot whereby they can bring in an LNG carrier onto our jetty, offload those volumes, access our storage and then send-out to market with the full flexibility that our terminal offers,” Simon explains.
“ Our facility is unique in that our bundle model offers a‘ zero send-in, zero send-out’ flexibility, so our customers can choose when they want to use those slots and store those gas volumes indefinitely if needed. This is through our reliquefication plant, reliquefying the boil-
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