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Centrica agrees £13bn energy deal with Statoil

Energy firm Centrica today announced a £13bn 10 year gas supply deal from 2015 with Norwegian state-owned oil firm Statoil.

The deal guarantees the supply of 50bn.m³ (50BCM) of gas to the UK, about 5% of total demand. Britain imports about 50% of its gas requirements, according to Centrica, with today’s deal increasing supply by 25%.

Prime minister David Cameron said he “warmly” welcomed the announcement, adding that it “underlines the strength and depth” of the partnership between the UK and Norway.

Centrica has also agreed a £1bn deal to buy production and development rights for oil and gas sites in the Norwegian North Sea.

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