British Gas owner strikes £20bn gas deal with Norway’s state energy company

Centrica's 10-year agreement with Equinor helps meet almost 10% of the UK's needs - enough to supply 5m homes

The owner of British Gas has struck a 20bn deal with Norway's state energy company to buy enough gas to meet nearly 10% of the UK's needs for the next decade.

Under the agreement, Centrica will buy around 5bn cubic meters of gas from Equinor - enough to supply 5m UK homes - every year from this winter until 2035 at the prevailing market rate.