Statoil and Centrica sign major gas-sales agreement

Statoil and Centrica sign major gas-sales agreement


Norway's energy producer Statoil and UK-based Centrica have entered into a long-term gas sales agreement for the delivery of 5 billion cubic metres (bcm) per year from 2015 to 2025 to the UK market.

This new long-term gas sales agreement follows an existing deal between Statoil and Centrica that expires in 2015. “The agreement demonstrates that natural gas is set to play an important role in the UK’s long-term energy mix,” said Statoil President and CEO Helge Lund, a...


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