What are the key terms of Centrica's new natural gas supply deal with Peyto?

Centrica has signed a 10-year natural gas supply deal with Canada's Peyto Exploration and Development, securing 50,000 million British thermal units (MMBtu) of natural gas per day starting in 2029; the volumes equate to about five liquefied natural gas (LNG) cargoes per year, and pricing is linked to the European benchmark Title Transfer Facility (TTF).

How does this deal support Centrica's energy strategy and Peyto's business objectives?

For Centrica, the deal enhances Centrica Energy's ability to manage market exposure and optimise its LNG portfolio by linking feed gas pricing to European benchmarks while maintaining flexibility across global markets; for Peyto, the agreement provides long-term exposure to international LNG-linked pricing, supporting its strategy to diversify beyond North American benchmarks.

Centrica Signs 10-Year Natural Gas Supply Deal with Canada's Peyto

Jun 3, 2026

Centrica signed a 10-year natural gas supply deal with Canada's Peyto for 50,000 mmbtu/day starting in 2029, with pricing linked to the European TTF benchmark.

reuters

2026-05-08

Centrica Bets on Gas-Fired Power Amid Renewables Era

2026-06-03

Centrica Signs 10-Year Natural Gas Supply Deal with Canada's Peyto

2026-07-22

British Gas owner Centrica to cut 1,300 jobs, flags slower trading arm growth

2026-07-24

Take Centrica’s Gas Storage Warning Seriously – Britain Still Needs Secure Supplies

Centrica Signs 10-Year Natural Gas Supply Deal with Canada's Peyto

FAQ