CK Infrastructure Holdings has pulled out of the bidding for a National Grid (NYSE:NGG) liquefied natural gas terminal in the U.K. valued at ~£2B ($2.7B), Bloomberg reported Tuesday. The Hong Kong-based company reportedly was in the process of negotiating final terms of a deal for National Grid's (NYSE:NGG) Grain LNG facility and an agreement was

British Gas owner Centrica and Energy Capital Partners are in talks to buy the Isle of Grain LNG terminal from National Grid in a deal valued at about 1.5 billion pounds ($2.03 billion), the Financial Times reported on Wednesday.

CK Infrastructure Holdings Ltd. has emerged as the lead bidder for a UK liquefied natural gas terminal valued at about £2 billion ($2.7 billion), according to people familiar with the matter.