Nationalisation hurdles in the UK
UK opposition Labour party threatens to nationalise the national grid at below fair value
Labour, the official UK opposition party, announced on 16 May plans to renationalise the country's gas and power transmission system owner and operator National Grid and 14 distribution network operators (DNOs). The proposed reversal of more than three decades of reliance on private gas and electricity transmission networks would force shareholders to accept a discounted offer, paid in gilts. No OECD country has ever underpaid. "As a matter of international law, you need to pay market value compensation," says Dan Neidle, partner at law firm Clifford Chance. "Any investor that has access to an international investment treaty could sue you in an international arbitration tribunal—and you woul
Also in this section
20 February 2026
The country is pushing to increase production and expand key projects despite challenges including OPEC+ discipline and the limitations of its export infrastructure
20 February 2026
Europe has transformed into a global LNG demand powerhouse over the last few years, with the fuel continuing to play a key role in safeguarding the continent’s energy security, Carsten Poppinga, chief commercial officer at Uniper, tells Petroleum Economist
20 February 2026
Sempra Infrastructure’s vice president for marketing and commercial development, Carlos de la Vega, outlines progress across the company’s US Gulf Coast and Mexico Pacific Coast LNG portfolio, including construction at Port Arthur LNG, continued strong performance at Cameron LNG and development of ECA LNG
19 February 2026
US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
