Centrica signs 20-year LNG supply deal with Canadian project

· Energy · United Kingdom · Canada

Centrica agreed to buy 1 million tonnes per annum of LNG on a free-on-board basis for 20 years from a Canadian project. The long-term contract locks in Canadian volumes for a European buyer.

Why it matters：Long-dated Canadian supply contracts strengthen the case for North American LNG export capacity and Europe's diversification away from pipeline gas.

Key points

  • Volume is 1 mtpa on a free-on-board basis.
  • The contract term is 20 years.
  • The supply comes from a Canadian project.

Sources (original reporting)

More stories from this day