Qatar signs £2 billion with UK company

Lng_adriaticCentrica and Qatar signed a landmark deal that has the gulf nation delivering £2bn worth of LNG (liquefied natural gas) to the UK Company for the next three years. The deal is worth 10% of the UK’s gas market which is enough to heat 2.5 million homes.

The managing director of Centrica Energy, Mr. Mark Hanafin, stated that he hopes this long-term deal with Qatar will be renewed in 2014. Assuming the relationship works well, and looking at the dwindling supplies of the North Sea, he may be interested in signing a 10-year deal next time to secure UK energy needs and continue the supply to his customers.

Mr. Hanafin denied suggestions that confidence in the politically tumultuous Middle East region could expose the UK’s energy supplies to greater threat.  Instead he said, ‘This deal is not a risk at all, it’s a deal signed between Europe’s largest market and the largest gas exporter’.

While British Gas’ retail division hopes to display booming profits this week according to their annual report, householders are experiencing rising costs.

 



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Centrica and Qatar signed a landmark deal that has the gulf nation delivering £2bn worth of LNG (liquefied natural gas) to the UK Company for the next three years. The deal is worth 10% of the UK’s gas market which is enough to heat 2.5 million homes. The managing director of Centrica Energy, Mr. Mark Hanafin, stated that he hopes this long-term deal with Qatar will be renewed in 2014. Assuming the relationship works well, and looking at the dwindling supplies of the North Sea, he may be interested in signing a 10-year deal next time to secure UK energy...

Lng_adriaticCentrica and Qatar signed a landmark deal that has the gulf nation delivering £2bn worth of LNG (liquefied natural gas) to the UK Company for the next three years. The deal is worth 10% of the UK’s gas market which is enough to heat 2.5 million homes.

The managing director of Centrica Energy, Mr. Mark Hanafin, stated that he hopes this long-term deal with Qatar will be renewed in 2014. Assuming the relationship works well, and looking at the dwindling supplies of the North Sea, he may be interested in signing a 10-year deal next time to secure UK energy needs and continue the supply to his customers.

Mr. Hanafin denied suggestions that confidence in the politically tumultuous Middle East region could expose the UK’s energy supplies to greater threat.  Instead he said, ‘This deal is not a risk at all, it’s a deal signed between Europe’s largest market and the largest gas exporter’.

While British Gas’ retail division hopes to display booming profits this week according to their annual report, householders are experiencing rising costs.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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