Shares in Centrica, the FTSE 100 owner of British Gas, have jumped after it joined forces with Energy Capital Partners (ECP) to snap up Europe’s largest liquefied natural gas (LNG) terminal for £1.5bn In a statement issued to the London Stock Exchange,

Centrica and Energy Capital Partners have agreed to acquire the Isle of Grain terminal from current owner National Grid.

The sale needs approval from regulators and the government, but is expected to go through by the end of the year.