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Centrica sign LNG supply deal with Qatargas

Oilfield Technology,

Centrica plc, the parent company of British Gas, today announced it has entered into a four and a half year LNG supply agreement with Qatargas for the purchase of up to 3 million tpa of liquefied natural gas (LNG).

The £4.4 billion deal builds on Centrica’s existing agreement with Qatargas, signed in February 2011, and could provide gas to meet approximately 13% of UK annual residential gas demand, enough to meet the needs of around three million households.

To read the full article on LNG Industry, please click here.

Adapted from press release by Ted Monroe

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