Macquarie Asset Management Acquires Full Ownership of National Gas in UK
Key Ideas
  • Macquarie Asset Management has acquired the remaining 20% equity interest in National Gas, leading a consortium to own 100% of the UK's gas transmission system.
  • The transaction, to be finalized by Q1 2025 pending regulatory approvals, highlights Macquarie's commitment to supporting National Gas in delivering energy security and decarbonisation goals.
  • National Gas recently shared successful trial results of blending hydrogen in the UK gas network, indicating progress towards greener energy solutions.
Macquarie Asset Management has completed the acquisition of the remaining 20% equity interest in National Gas, a vital player in the UK's energy sector. This acquisition, which will result in Macquarie-led consortium owning 100% of National Gas, underscores a significant investment in the country's 7,660-kilometre national gas transmission system. The transaction, expected to be finalized by the first quarter of 2025, showcases Macquarie's dedication to supporting National Gas in its role of providing a safe and reliable gas supply to various energy consumers across Britain. Will Price, Head of Utilities for Macquarie in EMEA, expressed gratitude to National Grid for the partnership and highlighted the importance of National Gas's infrastructure in achieving the UK's energy security and decarbonisation objectives. The global asset management firm's substantial asset portfolio underscores its commitment to sustainable investments. Additionally, National Gas's successful trial with hydrogen blending in the UK gas network signifies progress towards eco-friendly energy solutions. The FutureGrid project's trial, increasing the hydrogen mix to 100% in specific network areas, demonstrates National Gas's push towards greener energy alternatives. This strategic move aligns with the UK's ambitious energy goals and emphasizes the importance of innovative solutions in the energy sector.
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