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Centrica Buys U.S. Gas in 20-Year Deal as British Output Wanes

2013-03-25 02:29:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Centrica Plc (CNA), the U.K.s largest household energy supplier, signed a 20-year deal to import natural gas from the U.S., securing supplies as production from British North Sea fields decline. Centrica will buy 1.75 million metric tons a year of liquefied natural gas from Cheniere Energy Inc. (LNG)s Sabine Pass plant in Louisiana, the Windsor, England-based company said today. Thats equivalent to the demand of 1.8 million U.K. homes. The deal can be extended for another 10 years, it said....

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