SCOTTISH Gas owner Centrica has reached a 15-year deal to ship liquid natural gas from the US.

The company said it would buy a million tonnes per year from 2026 as part of the contract with the Delfin Deepwater Port off the cost of Louisiana.

The £7 billion deal gives the builders of the port the certainty they need to put money into the first floating LNG site in the US, by the end of this year.

"Market demand for long-term LNG continues to be strong and buying activity from Europe and various other geographies has accelerated over the past few months," said Delfin chief executive Dudley Poston.

Chris O’Shea, Centrica Group chief executive, said: "Natural gas has now been recognised as an essential transition fuel on the path to net zero just at the point geopolitical uncertainty is impacting the global gas market.

"Additional US gas export capacity will help increase UK, European and global energy security, reflecting the increasing importance of LNG in the global gas supply chain."

It comes as European buyers are looking for new sources of gas as supplies from Russia are strangled.


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Scottish Gas owner in £7bn deal to ship liquid natural gas from US