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Devon Confirms Decade-Long Deal with Centrica to Supply U.S. Natural Gas

Natural Gas Intelligence · last updated

Devon Energy Corp. has inked a 10-year agreement to sell 50,000 MMBtu/d to global trader Centrica plc.

chart showing NGI's Waha natural gas spot price

The deal was announced by Devon executives during the recent second quarter conference call. However, the counterparty was not disclosed.

Centrica Energy, the UK-based trading arm, said Devon’s gas volumes are to be delivered beginning in 2028 and be equivalent to five LNG cargoes a year. Volumes are to be indexed to Europe’s Title Transfer Facility (TTF) gas hub.

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