Centrica Plc, the owner of British Gas, and Energy Capital Partners (ECP) are in exclusive talks to acquire National Grid's LNG import terminal located in the Thames Estuary for approximately £1.5 billion ($2 billion). This terminal, known as the Isle of Grain LNG terminal, is the largest in Europe and supplies up to 20% of Britain's natural gas, making it a critical infrastructure asset for the UK's energy security. The deal is positioned as a strategic move by Centrica to control a key energy chokepoint amid the transition to net zero. Additionally, Centrica has signed a 10-year agreement with US-based Devon Energy to purchase 50,000 million British thermal units (MMBtu) of natural gas per day starting in 2028, supporting its expansion across the Atlantic. The acquisition and the gas supply agreement underscore Centrica’s efforts to strengthen its role in the UK and international energy markets.