Centrica has struck a £20 billion deal with Equinor to secure five billion cubic meters of gas annually until 2035, enhancing the UK's energy security. Chris O'Shea, CEO of Centrica, emphasized that this agreement underscores the significance of natural gas as a transitional energy source and sets the stage for a hydrogen market development. The agreement reflects Centrica's commitment to significant investments in renewable energy, while Equinor continues to support the UK's energy needs through reliable gas supplies and advancements in decarbonization solutions.
Equinor is a valued partner and this landmark agreement underscores the vital role that natural gas plays as a transition fuel as we navigate towards a low carbon energy future.
Today's deal not only ensures the UK's energy security has improved but also paves the way for a burgeoning hydrogen market.
This deal will provide security for the UK energy sector, highlighting the importance of energy security we've seen first-hand over the last few years.
We are pleased to strengthen the energy partnership further through a new gas sales agreement with our longstanding customer and partner Centrica.
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