Centrica signs natural gas partnership with Devon Energy
Centra Policy Secures LNG Deal with Devon Energy
Ankita Bora reports from Bengaluru that Centrica PLC, the British Gas parent, announced an agreement with U.S.–based Devon Energy Corp. The contract will allow Devon to deliver a volume equivalent to five LNG cargoes annually for a decade, starting in 2028.
Key Agreement Elements
- Duration: 10‑year term beginning 2028
- Supply volume: five LNG cargoes per year
- Party roles: Centrica as buyer, Devon Energy as supplier
Contextual Background
During a Friday press release Centrica said the partnership bolsters its long‑term LNG strategy, diversifying sources beyond traditional European suppliers. Devon Energy’s expertise in offshore drilling positions it to secure consistent LNG cargoes for Centrica’s network.
Next Steps
- Devon Energy will initiate cargo preparation by 2026
- Centrica will align supply logistics with existing LNG infrastructure
- Annual review will confirm volume consistency and pricing terms
Both companies maintain an open outlook for extended collaboration, as the industry gradually shifts toward more flexible LNG procurement models.
