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The Rt Hon Chris Huhne MP's statement on Centrica/Statoil deal

Centrica has this morning announced a £13bn deal with Norwegian gas company Statoil, which will last ten years. The deal will secure delivery…

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

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Centrica has this morning announced a £13bn deal with Norwegian gas company Statoil, which will last ten years. The deal will secure delivery of 5 billion cubic meters per year from 2015 to 2025 to the UK market.

The Rt Hon Chris Huhne MP, Secretary of State for Energy and Climate Change, said:

“This is good news for Britain. Today gas powers almost half of our electricity, and nearly 70% of our heating. It is reliable, flexible and competitive, and helps power our economy.

“Gas has a long term role to play in keeping our lights on and our homes warm, as part of an increasingly low-carbon energy portfolio. This agreement will help to deliver that gas securely and cheaply, and further enhance our close relationship with Norway.”

Published 21 November 2011