US EditionCentrica Strikes £20bn Deal to Import Gas From Norway Until 2035
- On October 1, 2025, Equinor and Centrica agreed to a decade-long contract under which Centrica will annually receive approximately 5 billion cubic meters of gas from Norway.
- The deal follows a long-term partnership dating back to 2005 and comes amid increased UK reliance on imports and energy market disruptions.
- The contract, valued around £20 billion, offers flexibility to substitute natural gas with hydrogen to support the UK’s hydrogen economy and decarbonization aims.
- Equinor reported record 2024 production at the Troll field with 42.5 billion cubic meters, nearly 10% above the 2022 record of 38.8 billion, enhancing supply reliability.
- This agreement secures fuel for about 10% of UK demand, improving energy security while enabling transition fuel roles for gas alongside renewables and hydrogen.
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Chris OShea Buys 427 Shares of Centrica plc (LON:CNA) Stock
Centrica plc (LON:CNA - Get Free Report) insider Chris OShea purchased 427 shares of Centrica stock in a transaction on Thursday, June 5th. The shares were acquired at an average price of GBX 161 ($2.18) per share, with a total value of £687.47 ($930.02).
Norway's Equinor Signs $27 Bn Natural Gas Supply Deal With UK's Centrica
Norwegian energy firm Equinor said Thursday it had signed a 10-year contract to supply British firm Centrica with around five billion cubic meters of natural gas per year in a deal worth around $27 billion at current prices.
Equinor Signs $27 Billion Deal With Centrica to Supply U.K. With Natural Gas
Equinor signed a contract valued currently at around 20 billion pounds ($27.11 billion) to supply the U.K. with natural gas over the next decade. The agreement with U.K. energy company Centrica which owns British Gas, starts on Oct. 1 this year and its valuation is based on current prices, Equinor said. It would cover around 10% of the country’s total annual gas demand. “This agreement will continue to support the U.K.’s energy security with rel…
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