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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose

British Gas owner strikes £20bn gas deal with Norway’s state energy company

An Equinor gas production facility in Norway.
An Equinor gas production facility in Norway. The deal also allows the UK to swap gas imports for emissions-free hydrogen. Photograph: Bloomberg/Getty Images

The owner of British Gas has struck a £20bn deal with Norway’s state energy company to buy enough gas to meet nearly 10% of the UK’s needs for the next decade.

Under the agreement, Centrica will buy around 5bn cubic meters of gas from Equinor – enough to supply 5m UK homes – every year from this winter until 2035 at the prevailing market rate.

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