Qatar wins $7bn LNG deal with UK's Centrica - Energy - ArabianBusiness.com:
"Centrica, the parent company of British Gas, on Wednesday announced it has entered into a £4.4bn ($7.08bn) LNG supply agreement with Qatargas for the purchase of up to 3 million tonnes per annum of liquefied natural gas (LNG).
The four-and-a-half year deal builds on Centrica’s existing agreement with Qatargas, signed in February 2011, and could provide gas to meet approximately 13 percent of UK annual residential gas demand, enough to meet the needs of around 3 million households.
The previous contract Centrica signed with Qatargas comes to an end in June 2014.
With increasing global competition from emerging economies for LNG, and declining North Sea production, this transaction secures important gas supplies for Centrica and the UK to December 2018."
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