British Gas owner Centrica has sealed a £20billion partnership with energy giant Equinor to bring gas to the UK.
Centrica will take delivery of 5bn cubic metres of gas a year up to 2035 and says the deal improves UK energy security as it works to build further gas storage.
It comes as Rain Newton-Smith, the Confederation of British Industry boss, demands a ‘serious plan’ to cut energy costs and invest in energy security as firms face crippling power bills and tax and wage hikes.
Around half the UK’s gas was imported from Norway last year, after a rise in demand following the Russian invasion of Ukraine in 2022.
Centrica boss Chris O’Shea said: ‘Today’s deal represents a significant investment in the UK’s future.’
Equinor deal: British Gas owner Centrica will take delivery of 5bn cubic metres of gas a year up to 2035 and says the deal improves UK energy security as it works to build further gas storage
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This article was originally published by a www.dailymail.co.uk . Read the Original article here. .