Centrica Energy is pleased to announce signing of a long-term natural gas purchase agreement with Whitecap Resources Inc., a leading Canadian producer dedicated to the responsible development of oil and gas resources across the Western Canadian Sedimentary Basin.

Starting in April 2028, Whitecap will deliver 50,000 MMBtu of natural gas per day to Centrica Energy for a period of ten years – equivalent to roughly five LNG cargoes each year. The supply will be priced against the Title Transfer Facility (TTF), the benchmark for European gas markets.

 

This agreement advances Centrica’s strategy of managing market price exposure across its LNG portfolio by linking feed gas costs to European price signals. For Whitecap, the agreement provides access to international LNG-linked pricing, supporting the company’s natural gas price diversification strategy.

Entering into this innovative agreement with Whitecap underlines our focus on building a balanced LNG portfolio through strategic partnerships across the globe allowing us to deliver reliable energy solutions to global markets.

Chris O'Shea
Group Chief Executive, Centrica

This long-term agreement underscores our commitment to being a reliable source of energy. As Canada's role in the international natural gas markets continues to grow, Whitecap is looking forward to this partnership and the benefits that it will bring to each company and our respective stakeholders.

Grant Fagerheim
President and Chief Executive Officer, Whitecap Resources Inc

Centrica Energy’s LNG trading desks in London and Singapore enable round-the-clock coverage of global energy markets. This agreement further strengthens Centrica’s diversified LNG portfolio and supports its mission to deliver secure, affordable, and sustainable energy to customers worldwide.

About Centrica Energy 

 

Centrica Energy is the energy trading and optimisation arm of Centrica plc, responsible for managing commodity risk and sourcing energy on behalf of Centrica Group’s energy supply activities.  

 

Centrica Energy is a global energy trading company which helps move energy from source to use powering businesses, homes, and societies. Across 8 offices on three continents, and with 800+ passionate and highly skilled energy experts, they trade power, gas, liquified natural gas and green certificates, connecting energy producers, suppliers and offtakers in wholesale energy markets.  

 

Centrica Energy is one of the largest renewable asset managers in Europe, with over 16.9GW of capacity under contract, of which more than 85% is renewable assets.  

 

About Whitecap Resources Inc. 

 

Whitecap Resources Inc. is a leading Canadian energy company committed to delivering reliable returns to shareholders through the responsible development of oil and natural gas assets in the Western Canadian Sedimentary Basin. With a strong track record of profitable growth and a sustainable dividend, Whitecap delivers long-term value to investors, supported by investment-grade financial strength.

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