20
February 2025
Centrica plc
('Centrica' or 'the Company')
Centrica signs Brazilian LNG supply
agreement
Centrica announces that it has
entered into a major Sale and Purchase Agreement ("SPA") with
Petrobras, the leading Brazilian integrated oil & gas company.
The contract provides for the purchase by Petrobras of 0.8 million
tons per annum (MTPA) of LNG for 15 years, commencing in
2027. The agreement comprises approximately
30% of Centrica's US portfolio and will be
sourced from Centrica's Sabine Pass and Delfin supply
agreements.
This new partnership underscores
Centrica's commitment to deliver secure and sustainable energy
solutions in the transition to a lower carbon future.
The agreement marks a significant step in
expanding Centrica's global LNG business, diversifying the
locations it can deliver LNG to and supporting energy security in
Brazil with an important new long-term partner.
Commenting on the agreement, Chris O'Shea, Centrica Group
Chief Executive, said:
"Centrica is investing to deliver the energy security,
efficiency and decarbonisation solutions our customers need today
and in the future, and LNG is, and will continue to be, a crucial
foundation of the energy transition. This agreement demonstrates
our approach to building long-term partnerships while derisking our
portfolio exposure in the medium-term, in turn positioning us to
continue growing our portfolio as new LNG supply comes into the
market over the coming years."
Petrobras' Director of Energy Transition and Sustainability,
Maurício Tolmasquim, said: "The agreement with Centrica
is aligned with Petrobras' priorities to reduce its exposure to the
spot market volatility, increase its competitiveness and be the
best option for its customers. We also consider the contribution of
this important product to promoting the energy
transition."
Ends/
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Centrica
plc is listed on the London Stock Exchange (CNA)
Registered Office:
Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD
Registered in England & Wales number:
3033654
Legal Entity Identifier number:
E26EDV109X6EEPBKVH76
ISIN number: GB00B033F229
