Centrica Plc. has signed a 7 billion pound ($8.47 billion) agreement with US-based Delfin Midstream Inc to buy liquefied natural gas (LNG) from 2026, Britain’s largest energy supplier said, Report informs referring to Reuters.
Countries across Europe are seeking to diversify their energy supplies following Russia’s invasion of Ukraine and a drop in gas flows from Russia to Europe.
Centrica, which owns British Gas, said the 15-year deal would be worth around 7 billion pounds and involve buying 1 million tonnes of LNG per annum on a free on board (FOB) from the Delfin Deepwater Port off the coast of Louisiana from 2026.
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