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

Commenting on the agreement, Chris O’Shea, Chief Executive of Centrica Group, said: said: “In an uncertain world, Centrica is investing to provide energy security and certainty to its customers. These decade-long agreements with Coterra are a further demonstration of the special trading relationship between Britain 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 are providing peace of mind for households, ensuring security of supply in key markets around the world and supporting the transition to net zero.”

Coterra’s chairman, CEO and president, Thomas Jordensaid, “The U.S. has an abundant, low-cost source of natural gas that can help support energy reliability and affordability around the world. This important new partnership between Centrica and Coterra is a positive step in meeting critical energy needs. In addition, this transaction will further diversify Coterra’s natural gas portfolio. We applaud the great work of both teams and are excited about our new partnership.”