Latest news
UK’s Centrica to strike the first LNG deal with U.S.
Centrica, UK’s biggest household energy supplier envisages signing a long-term LNG import deal with U.S. companies, as UK is facing difficulties finding new natural gas supply sources to meet its increasing import demand as global price variations and new gas discoveries are favoring carrying the gas to Asia instead of Europe.
read more... 11/03/2013
UK: Centrica abandons plans to build new nuclear power plants
Centrica has announced that it intends to abandon plans to build new nuclear power stations in the UK because of the rising costs following changes to regulations after the Fukushima disaster in 2011. Centrica had been planning to build four plants with the French supplier EDF, but has now pulled out of the partnership.
read more... 05/02/2013
Centrica to abandon UK nuclear by focusing its expansion in the US
Centrica intends to concentrate investments in the U.S., if it decides to withdraw from new nuclear power stations in the UK. It considers the prospect of higher profit margins and huge opportunities in the shale gas boom. According to senior company sources, only a remarkable change in Government policy on subsidising nuclear power would create a business case for investment.
read more... 19/11/2012
Centrica to ensure the energy security on its gas market
Centrica, the parent company of British Gas, has inked a 3 year gas supply agreement with Gazprom.
read more... 27/09/2012
Gazprom and Centrica strike a 3 year gas supply contract
British utility Centrica has announced on Thursday that it has signed a 3 years gas supply contract with Gazprom Marketing & Trading, a UK registered wholly-owned subsidiary of Russian energy giant Gazprom. Under the deal, Gazprom will supply 2.4 billion cubic meters of natural gas starting from 2014.
read more... 21/09/2012