National Gas Launches as Owner of Britain’s Gas Network
Posted on 02/01/2023
On January 31, 2023, National Gas becomes the owner & operator of Britain’s gas transmission network with an extensive metering portfolio.
It follows the completion of the sale of a 60% equity stake in National Grid’s Gas Transmission & Metering business. The acquisition, led by Macquarie Asset Management and British Columbia Investment Management Corporation (BCI), was successfully completed after all conditions relating to the sale were met.
National Gas is comprised of two organizations – National Gas Transmission and National Gas Metering. National Gas Transmission will own and operate the U.K.’s 7,600 kilometer-long National Transmission System (NTS) and continue to ensure the safe, reliable and affordable transportation of gas needed to heat homes, power industry, and generate electricity.
As the UK’s largest gas meter asset manager, National Gas Metering, will continue to provide industry-leading maintenance and management services for over 7 million domestic, industrial and commercial gas meters.
