Centrica Signs 10-Year Deal for US Natural Gas With Devon Energy

Centrica Plc signed a 10-year agreement to buy natural gas from Devon Energy Corp. to help expand its activities across the Atlantic.

Centrica Energy, its trading arm, will receive 50,000 million British thermal units per day of natural gas from 2028, or the equivalent of five liquefied natural gas cargoes per year, according to a statement on Friday. The volumes will be indexed to TTF, the European benchmark price.