UK’s Centrica signs 20-year deal to import US natural gas

March 27, 2013

UK energy company Centrica has signed a 20-year deal with U.S.-based Cheniere Energy Partners to import liquefied natural gas (LNG) from the United States.

UK energy company Centrica has signed a 20-year deal with U.S.-based Cheniere Energy Partners to import liquefied natural gas (LNG) from the United States.

Centrica will purchase approximately 1.75 million metric tons of LNG per year — enough to supply 1.8 million UK homes — from Cheniere's Sabine Pass liquefaction plant in Louisiana.

RELATED: Can the world replicate US shale gas boom?

Centrica says it will have the option for a 10-year extension, and the target date for first commercial delivery is September 2018.

"In an increasingly global gas market, this landmark agreement represents a significant step forward in our strategy, enabling Centrica to strengthen its position along the gas value chain and helping to ensure the UK’s future energy security," said Sam Laidlaw, CEO of Centrica. "We are therefore very pleased to have signed this agreement and look forward to working with Cheniere.”

Sponsored Recommendations

The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...
Learn firsthand from top industry analysts how to navigate regulatory compliance (i.e. FSMA) & food safety audits in manufacturing.
Manage thermo-sensitive materials, optimize production & reduce waste
The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...