Energy, Oil & Gas Magazine Issue 221 July 2024 | Page 46

Dragon LNG _____________________________________________________________________________________________________

Established as a standalone business , Dragon LNG Ltd ( Dragon ) owns and operates a Liquefied Natural Gas ( LNG ) import and storage terminal in Milford Haven , West Wales .

Dragon is jointly financed by two industry shareholders : Shell UK , and Ancala LNG Ltd , who is in the process of selling its share to a new co-owner , VTTI . Each entity owns 50 percent of the issued share capital . Dragon ’ s LNG terminal boasts an excellent safety record , providing a reliable and flexible supply of natural gas to homes and businesses across the UK , and ensuring long-term energy security . Today , we sit down for an exclusive interview with Simon Ames , Managing Director , to learn more about the company . “ Initially founded as one of three LNG regasification terminals for the UK , Dragon was built in the 2000s , commissioned in 2009 and has completed 15 years of safe , successful commercial operations . We are responsible for approximately ten percent of the UK ’ s energy needs , which also includes gas supplies to Europe through pipelines in the North Sea . This proportion is expected to remain consistent for the next couple of decades . At Dragon , we are currently undergoing a regulated third-party access auction , with the result being that next year , our terminal may have either the same customers or new customers , depending on who wins the auction process .”
Sustainable solutions
Renewables are another core part of the business , notes Simon , as Dragon operates a renewables park through its Dragon Energy division . “ This park consists of 18,500 solar panels , generating approximately ten megawatts . Furthermore , Dragon is in the planning phase with the Welsh Government
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