REG - Centrica PLC - Centrica signs Brazilian LNG supply agreement

CentricaAnnouncement

20/02/2025 07:15

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RNS Number : 7770X  Centrica PLC  20 February 2025

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/

 

 

Enquiries:

Investors and Analysts
E: ir@centrica.com (mailto:ir@centrica.com)

Media
T: 01784 843000
E: media@centrica.com (mailto:media@centrica.com)

 

 

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

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