British Energy owner Centrica has signed a 10-year deal worth more than 20 billion pounds ($27.07 billion) to receive gas from Norwegian producer Equinor, the companies said on Thursday. Britain is se

British Gas owner Centrica (OTCPK:CPYYF) (OTCPK:CPYYY) signed a £20B (~$27.1B) agreement to receive gas from Norwegian producer Equinor (NYSE:EQNR) starting later this year, the companies announced Thursday.

Equinor has signed a significant contract with Centrica to supply the UK with natural gas over the next decade, valued at approximately £20bn ($27.11bn). The deal secures the supply of 55 terawatt-hours (TWh) of natural gas per year,