Centrica and Coterra Energy Announce Natural Gas Purchase and Sales Agreements

The deal follows similar agreements in recent years and demonstrates Centrica Energy's innovative approach to partnerships, one of the key pillars of its successful and growing LNG business.

Commenting on the agreement, Centrica Group CEO Chris O'Shea said: said: “In an uncertain world, Centrica is investing to provide energy security and certainty to its customers. These decades-long contracts with Coterra are further evidence of the special trading relationship between the United Kingdom and the United States and a welcome extension of our existing, valued relationship with Coterra. Gas remains an essential transition fuel and through agreements like this we provide certainty to households, ensure security of supply in key markets around the world and support the transition to net zero.”

Coterra's Chairman, Chief Executive Officer and President Thomas Jordensaid, “The U.S. has abundant, low-cost natural gas resources that can help improve energy reliability and energy affordability around the world.” This important new partnership between Centrica and Coterra is a positive step toward meeting critical energy needs . Additionally, this transaction will further diversify Coterra's natural gas portfolio. We applaud the great work of both teams and look forward to our new partnership.”