India, Feb. 20 -- Centrica plc (CNA.L), an energy company, Thursday announced that it has entered into a Sale and Purchase Agreement or SPA with Brazilian oil & gas company Petrobras. The company also completed a review of its UK pension plan, and announced the next phase of its investment programme in Ireland.
Centrica is currently trading 9.90% higher at 149.50 pence on the London Stock Exchange. Under the SPA, Petrobras will buy 0.8 million tons of LNG per year from Centrica for 15 years, starting in 2027. The gas will come from Centrica's supply agreements at Sabine Pass and Delfin.
The deal makes up about 30 percent of Centrica's US LNG portfolio. It helps Centrica grow its LNG business, supply energy to more places, and support Braz...