Centrica warns of closing its Rough gas storage facility without government backing, raising concerns over UK energy security and necessitating a strategic plan for 2030 supply.
Centrica plans to cut 1,300 jobs after core profits dropped 18% due to market volatility and asset disposals. The company is focusing on LNG infrastructure while warning of stagnating growth in its en
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.
Centrica buys an 850MW Welsh gas plant for £370m, expecting high earnings and capacity payments despite renewable growth. This underscores the need for flexible gas generation to support intermittent
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