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    Home > Finance > British Gas owner Centrica enters natural gas deal with US-based Devon Energy
    Finance

    British Gas owner Centrica enters natural gas deal with US-based Devon Energy

    Published by Global Banking and Finance Review

    Posted on August 15, 2025

    1 min read

    Last updated: January 22, 2026

    British Gas owner Centrica enters natural gas deal with US-based Devon Energy - Finance news and analysis from Global Banking & Finance Review
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    Tags:partnershipenergy market

    Quick Summary

    Centrica and Devon Energy have signed a 10-year agreement for natural gas supply, involving five LNG cargoes annually starting in 2028.

    Centrica Partners with Devon Energy for Natural Gas Supply Agreement

    (Reuters) -British Gas owner Centrica said on Friday it has entered into a natural gas agreement with Devon Energy, in which the U.S.-based firm will supply an equivalent to five LNG cargoes per year over a 10-year term from 2028.

    (Reporting by Ankita Bora in Bengaluru)

    Key Takeaways

    • •Centrica partners with Devon Energy for natural gas supply.
    • •The agreement covers five LNG cargoes per year.
    • •The deal spans a 10-year period starting in 2028.
    • •The partnership enhances UK energy security.
    • •Devon Energy is a U.S.-based energy firm.

    Frequently Asked Questions about British Gas owner Centrica enters natural gas deal with US-based Devon Energy

    1What company did Centrica enter into a natural gas agreement with?

    Centrica entered into a natural gas agreement with Devon Energy, a U.S.-based firm.

    2How many LNG cargoes will Devon Energy supply to Centrica?

    Devon Energy will supply an equivalent to five LNG cargoes per year to Centrica.

    3What is the significance of the agreement for Centrica?

    The agreement represents a strategic partnership for Centrica, enhancing its natural gas supply capabilities.

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