Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Centrica plc    CNA   GB00B033F229

CENTRICA PLC

(CNA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Centrica : 30 Sep 2020 Centrica signs long-term LNG supply deal with Shenergy Investor

09/30/2020 | 03:05am EST
30 September 2020 Centrica signs long-term LNG supply deal with Shenergy

Centrica plc has agreed a binding 15-year Sales and Purchase Agreement (SPA) to supply 0.5 million tonnes per annum (MTPA) of Liquefied Natural Gas (LNG) to the Shenergy Group Company Limited (Shenergy). Deliveries are expected to commence in 2024.

The SPA follows a Heads of Agreement that was concluded in January 2020 and represents the first long term supply contract for Centrica in China, one of the fastest growing LNG markets in the world.

'We are delighted to conclude this agreement with Shenergy. The roots of our shared history date back over 150 years, to when British Gas helped install gas lighting in the streets of Shanghai. Today's deal is a new milestone for our companies and complements Centrica's existing portfolio of LNG positions and contracts.'

Chris O'Shea, Centrica's Group Chief Executive Officer

  • Media Relations

    T: +44 (0)1784 843000

    E: media@centrica.com

Notes

About Centrica

Centrica is a leading international energy services and solutions provider, founded on a 200-year heritage of serving people. We serve around 13 million customers across the UK, Ireland, North America and continental Europe through brands such as British Gas. We are focused on satisfying the changing needs of our customers, enabling them to transition to a lower carbon future. Our aim is to reduce emissions in line with the Paris climate goals by 2030 and develop a path to net zero by 2050.

Energy Marketing and Trading is the trading and optimisation arm of Centricaplc. We are a leading provider of energy management and optimisation services to businesses, in addition to managing commodity risk and providing wholesale market access for the Centrica Group. We have over 14GW of capacity under contract in Europe, more than half of which is for renewable assets. We also continue to expand our global LNG business, having built a full range of LNG trading, optimisation and operations capability.

Further reading
Subscribe to Centrica news

Stay up to date with news, views and events via our newsletter.

Register here

Disclaimer

Centrica plc published this content on 30 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2020 07:04:04 UTC


© Publicnow 2020
All news about CENTRICA PLC
11/19NRG ENERGY : Announces Pricing of $1.40 Billion of Senior Secured First Lien Not..
AQ
11/17NRG ENERGY : Announces Proposed Offerings of Senior Secured First Lien Notes, Se..
AQ
11/13CENTRICA : 13 Nov 2020 Cornwall energy trial opens up a new market for flexibili..
PU
11/12CENTRICA : 11 Nov 2020 Hive launches a new smart home monitoring service that he..
PU
11/11CENTRICA : 11 Nov 2020 Hive launches a new smart home monitoring that helps you ..
PU
11/10GASLOG LTD. : Reports Financial Results for the Three-Month Period Ended Septemb..
AQ
11/09CENTRICA : 09 Nov 2020 Cornwall flexible energy trials prove success Company
PU
11/04CENTRICA : 04 Nov 2020 This is Engineering – An Engine of Prosperity
PU
10/22Spurred by reform, China's niche LNG buyers to pour in investments, double im..
RE
10/08CENTRICA : UK's Centrica signs deal with unions over worker terms and conditions
RE
More news
Financials
Sales 2020 25 419 M 33 916 M 33 916 M
Net income 2020 -206 M -275 M -275 M
Net Debt 2020 2 551 M 3 404 M 3 404 M
P/E ratio 2020 -25,0x
Yield 2020 0,96%
Capitalization 2 646 M 3 534 M 3 531 M
EV / Sales 2020 0,20x
EV / Sales 2021 0,28x
Nbr of Employees 25 835
Free-Float 99,9%
Chart CENTRICA PLC
Duration : Period :
Centrica plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CENTRICA PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 53,88 GBX
Last Close Price 45,34 GBX
Spread / Highest target 43,4%
Spread / Average Target 18,8%
Spread / Lowest Target -14,0%
EPS Revisions
Managers
NameTitle
Christopher O’Shea Group Chief Executive Officer & Executive Director
Jonathan Scott Wheway Chairman
Johnathan Richard Ford Chief Financial Officer & Director
Charles Cameron Director-Technology & Engineering
Mike Young Group Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
CENTRICA PLC-49.23%3 534
NATIONAL GRID PLC-3.44%42 996
SEMPRA ENERGY-12.66%37 622
ENGIE-13.72%34 864
E.ON SE-5.88%27 672
RWE AG24.79%27 624