Centrica to Exit Natural Gas Deals With Russian Counterparts
- U.K. utility seeking to terminate contract with Gazprom
- Russian gas imports made up 4% of U.K. gas supply in 2021
The Gazprom PJSC Chayandinskoye oil, gas and condensate field, in the Lensk district of the Sakha Republic, Russia.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Centrica Plc plans to exit its natural gas supply agreements with Russian companies, principally Gazprom PJSC’s trading unit “as a matter of urgency,” the U.K. energy supplier’s chief executive officer said.
Centrica has a medium-term contract with Gazprom Marketing & Trading Ltd., the trading division of the Russian energy giant. Although the gas isn’t necessarily Russian supply, the company is exploring how it can terminate this contract, according to a statement Tuesday.