Centrica CEO Chris O’Shea, UK Secretary of State for Business, Energy and Industrial Strategy Kwasi Kwarteng, and Equinor Gas & Power senior vice-president Helge Haugane. Credit: Equinor ASA.

Equinor has signed a deal with British utility company Centrica to supply additional gas to the UK over the next three winters.

Under the deal, the Norwegian energy major will supply an additional one billion cubic metres (bcm) of natural gas per year.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The increased volume will be enough to meet the heating needs of an additional 4.5 million British homes.

The new deal brings Centrica’s total gas supply volume agreed with the Norwegian firm to more than ten billion cubic metres a year, representing approximately 12% of UK’s total gas demand.

Centrica said that the gas supply deal, amid a ‘difficult geopolitical and macroeconomic environment’, would provide the country with further energy security.

UK Business and Energy Secretary Kwasi Kwarteng said: “With Russia’s criminal invasion of Ukraine, it is more important than ever that we source more of the gas we need domestically, but also from safe and reliable import partners while we transition. We cannot, and will not, turn off the taps overnight.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“This major supply deal agreed today will help underpin British energy security over the next few years, and also reinforce our partnership with Norway as a key international energy ally.”

Equinor supplies 20bcm to 22bcm of natural gas to the UK annually, meeting more than 25% of the country’s gas demand.

Centrica Group CEO Chris O’Shea said: “As Britain’s biggest gas and electricity supplier, we take our responsibility to over eight million British Gas domestic and business customers very seriously.

“This important agreement with Equinor underpins vital domestic supplies and strengthens the strategic relationship between the UK and Norway.’’

Earlier this month, Equinor announced that it had signed a long-term sales and purchase agreement (SPA) to buy liquefied natural gas (LNG) from Cheniere Energy.