Equinor signed a contract valued currently at around 20 billion pounds ($27.11 billion) to supply the U.K. with natural gas over the next decade.
The agreement with U.K. energy company Centrica which owns British Gas, starts on Oct. 1 this year and its valuation is based on current prices, Equinor said. It would cover around 10% of the country’s total annual gas demand.
“This agreement will continue to support the U.K.’s energy security with reliable gas supplies from the Norwegian continental shelf,” Equinor Chief Executive Anders Opedal said.
Read more in the Wall Street Journal here.
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