Centrica Energy opens US office as part of North American expansion plans

Centrica Energy will open its first office in the United States as part of its expansion into North America. The new office, located in New York, marks Centrica Energy’s intention to enter the North American gas optimisation business during  2025, following the entry into power markets during 2024.

The initial team on the ground will be focused on building a physical gas business. Beyond that, the company sees the potential to build an integrated gas, power and certificates optimisation business in North America over time.

This represents an important step into the US energy trading market for Centrica Energy. This expansion will enhance Centrica Energy’s gas and power trading capabilities and allow the company to better serve its clients across the globe.

For the past 20 years, Centrica Energy has traded power, gas, liquified natural gas and green certificates, connecting energy producers, suppliers and offtakers in wholesale energy markets. Leveraging the expertise Centrica Energy has built, the talent in the US market, and the company’s technological advantages, the goal is to optimise energy flows both in established and emerging markets.

There is significant potential for Centrica Energy to leverage its trading and optimisation competencies in the North American markets. Many states across the USA are undergoing a rapid buildout of inflexible generation, which means North American power markets are seeing large price fluctuations. Centrica Energy will enable integration and maximise the efficiency of energy use in the power grid, supporting security of supply in North American power markets whilst delivering lower energy costs for businesses and consumers.

The company will also look to utilise its expertise in global gas trading between international markets, supporting US producers to maximise the impact their product can have while supporting the use of natural gas to enable the energy transition.

Chris O’Shea, Group Chief Executive, Centrica said: “We are incredibly excited about the opening of our new office in New York. It underscores our commitment to growing our business and enhancing our capabilities for existing and new customers and will help us deliver on our strategy to support energy security, affordability and decarbonisation in key markets around the world.”

Cassim Mangerah, Managing Director of Centrica Energy, said

“The opening of our new office in the United States will strengthen our presence in one of the world’s most important energy markets. We have already completed our first power trades on the North American continent, and this is the next step for Centrica Energy. This expansion is a testament to our commitment to delivering commercial growth and supporting the energy transition on a global scale.”

Centrica Energy currently operates out of eight offices across all time zones to move energy from source to use. The company traded 252 LNG cargoes in 2024, showcasing its extensive reach and capabilities. With 16.7GW of electricity generating capacity under management, 850+ industry specialists, and two decades of experience, Centrica Energy is uniquely placed to drive growth in this new market.