Devon Energy and Centrica Ink Major LNG Supply Deal

U.S. Devon Energy Corporation has signed a 10-year natural gas agreement to supply LNG to UK’s Centrica, the owner of British Gas.  Under the deal announced on Friday, Devon Energy will supply 50,000?(MMBtu) per day of natural gas over a 10?year term starting in 2028. This is equivalent to five LNG cargoes per year.   The LNG volumes will be indexed to the European gas hub price, TTF.  The agreement supports Centrica’s objective of managing market price risk in its LNG portfolio by aligning feed gas pricing with…