Finance

British Gas owner Centrica enters natural gas deal with US-based Devon Energy

Published by Global Banking & Finance Review

Posted on August 15, 2025

1 min read

· Last updated: January 22, 2026

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British Gas owner Centrica enters natural gas deal with US-based Devon Energy
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(Reuters) -British Gas owner Centrica said on Friday it has entered into a natural gas agreement with Devon Energy, in which the U.S.-based firm will supply an equivalent to five LNG cargoes per year

Centrica Partners with Devon Energy for Natural Gas Supply Agreement

(Reuters) -British Gas owner Centrica said on Friday it has entered into a natural gas agreement with Devon Energy, in which the U.S.-based firm will supply an equivalent to five LNG cargoes per year over a 10-year term from 2028.

(Reporting by Ankita Bora in Bengaluru)

Key Takeaways

  • Centrica partners with Devon Energy for natural gas supply.
  • The agreement covers five LNG cargoes per year.
  • The deal spans a 10-year period starting in 2028.
  • The partnership enhances UK energy security.
  • Devon Energy is a U.S.-based energy firm.

Frequently Asked Questions

What company did Centrica enter into a natural gas agreement with?
Centrica entered into a natural gas agreement with Devon Energy, a U.S.-based firm.
How many LNG cargoes will Devon Energy supply to Centrica?
Devon Energy will supply an equivalent to five LNG cargoes per year to Centrica.
What is the significance of the agreement for Centrica?
The agreement represents a strategic partnership for Centrica, enhancing its natural gas supply capabilities.

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