Centrica UK purchase

Written by  John McKay
Friday, 04 September 2020
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Sept 4 (LNGJ) - UK LNG and natural gas player, Centrica plc, has agreed to acquire the energy supply customers of another company through its British Gas business. Centrica said the purchase for an undisclosed sum of Robin Hood Energy will add around 112,000 residential utility customers and 2,600 business customers across 10,000 sites. “Completion of the transaction is expected on 16 September with customers moving to British Gas over the next few months,” said Centrica.

   “As well as our actions to simplify and modernise our business, we are focused on returning to profitable growth in our core markets and investing in value generating opportunities,” said Chris O’Shea, the Chief Executive of Centrica. The UK utility receives LNG cargoes from producers such as Cheniere Energy’s US Sabine Pass plant and has booked volumes from Mozambique LNG.

Last modified on Friday, 04 September 2020 09:46
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