Centrica PLC Announces 15-Year LNG Supply Deal with Petrobras
Centrica PLC has entered into a 15-year agreement to supply liquefied natural gas (LNG) to Petrobras, a Brazilian oil and gas company. The deal is expected to contribute significantly to Centrica’s revenue.
Key Details of the Agreement
- The agreement is for a period of 15 years
- The deal involves the supply of LNG to Petrobras
Recent Financial Performance
Centrica’s full-year 2024 results showed a decline in revenue and adjusted profit. However, the company has taken steps to boost shareholder returns, including:
- A new share buyback program
- A higher dividend payout
Share Price Response
The company’s shares have responded positively to these announcements, with a notable increase in value.
CEO’s Outlook
Centrica’s CEO has expressed optimism about the company’s prospects, stating that 2024 was a “good year”.