Seabed and Centrica have 25 May announced an agreement to deliver additional gas supplies to the UK. The supply agreement will provide energy security for the UK over three winters.

The new supply agreement adds around 1 billion cubic meters (bcm) per year to Seabed’s existing bilateral contract with Centrica. It brings the total volume under the contract above ten bcm per year.

With Britain currently importing around a third of its gas requirements from Norway, the announcement underlines the strategic importance of the Norwegian relationship to UK energy security.

Seabed typically supplies 20-22 bcm of natural gas to the UK every year, which covers over 25 % of UK gas demand.

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