Centrica signs 20-year LNG supply deal with Canadian project
· Oil & Gas · United Kingdom · Canada
Centrica has agreed to buy 1 million tonnes per annum of liquefied natural gas on a free-on-board basis for 20 years from a Canadian project. The long-term contract adds a new North American supply source to the UK utility's portfolio.
Why it matters：Long-term offtake deals like this underpin final investment decisions for new LNG export capacity and show European buyers locking in supply beyond the spot market.
Key points
- Volume is 1 mtpa on a free-on-board basis
- Contract runs for 20 years
- Supply comes from a Canadian LNG project
Sources (original reporting)
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