Energy firm Centrica has signed an agreement with energy firm Cheniere to buy around 1.75M.mtpa of liquefied natural gas (LNG) for exporting to the UK.
The 20 year contract will see the UK start receiving the shale gas in September 2018. The volume of gas it will export is enough for around 1.8M UK homes.
“In an increasingly global gas market, this landmark agreement represents a significant step forward in our strategy, enabling Centrica to strengthen its position along the gas value chain and helping to ensure the UK’s future energy security,” said Centrica’s chief executive Sam Laidlaw.
“We are therefore very pleased to have signed this agreement and look forward to working with Cheniere.”
Centrica has the right to import 5.8bn m3 per year through National Grid’s LNG terminal on the Isle of Grain, Kent.