Centrica signs Brazilian LNG supply agreement

Centrica has announced a major sale and purchase agreement with Petrobras, Brazil’s leading integrated oil and gas company, securing the sale of 0.8 million tonnes per annum of liquefied natural gas for a 15-year term, starting in 2027. The supply will be sourced from Centrica’s Sabine Pass and Delfin agreements, representing approximately 30 percent of the company’s US LNG portfolio.

Strengthening Global LNG Partnerships
The agreement marks a significant milestone in Centrica’s global LNG expansion, supporting energy security in Brazil while reinforcing the company’s commitment to delivering secure and sustainable energy solutions in the transition to a lower-carbon future.

Chris O’Shea, Centrica group chief executive, highlighted the strategic importance of the deal, stating: “Centrica is investing to deliver the energy security, efficiency, and decarbonisation solutions our customers need today and in the future. LNG is, and will continue to be, a crucial foundation of the energy transition. This agreement demonstrates our approach to building long-term partnerships while derisking our portfolio exposure in the medium term, positioning us to continue growing as new LNG supply enters the market over the coming years.”

Petrobras’ Perspective on Energy Transition
Maurício Tolmasquim, Petrobras’ director of energy transition and sustainability, emphasised the benefits of the agreement, noting:
“This partnership aligns with Petrobras’ priorities to reduce exposure to spot market volatility, enhance competitiveness, and be the best option for its customers. We also recognise LNG’s important contribution to promoting the energy transition.”

This long-term partnership diversifies Centrica’s LNG delivery locations, strengthens Brazil’s energy security, and reinforces both companies’ commitment to a lower-carbon energy future.

For more information visit www.centrica.com