Energy Veteran Peter Abdo to Lead UK’s Grain LNG From October

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessEnergy Veteran Peter Abdo to Lead UK's Grain LNG From OctoberGrain LNG, which has the largest capacity to import liquefied natural gas into the UK, has appointed Peter Abdo as its chief executive officer starting October.Author of the article:Elena Mazneva and Anna Shiryaevskaya You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Grain LNG, which has the largest capacity to import liquefied natural gas into the UK, has appointed Peter Abdo as its chief executive officer starting October.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountAbdo, an energy trading veteran who helped Germany negotiate its shift away from Russian pipeline supplies, left Uniper SE more than a year ago. He has worked in LNG, gas and commodities markets across Europe, Asia and the US for more than three decades and will be best positioned to lead Grain LNG “through its next phase of growth,” the company said in a statement Monday.Centrica Plc, the owner of British Gas, acquired the Grain terminal last year in partnership with Energy Capital Partners. It’s one of Europe’s largest LNG import and regasification terminals and an important gateway for supplies as the region increasingly depends on global seaborne flows. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe terminal will “seek avenues for growth by diversifying Grain’s strategic capabilities to serve customers across the value chain,” the statement cited Abdo as saying. Simon Culkin, Grain’s current managing director, will step down from his role on Aug. 14, while chief financial officer Richard Ozsanlav will serve as interim CEO, according to the statement. Britain’s terminals are among the most expensive in Europe, making it challenging to maintain high utilization rates when competition for flexible LNG cargoes is tight. Europe’s overall imports of the super-chilled fuel dropped to the lowest in nearly two years last month, making it a difficult market as the conflict in the Middle East disrupts global energy flows. This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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