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UK to buy gas from Russia despite Ukraine crisis

Centrica says there will be "no change" to an existing agreement with Gazprom to start supplying gas to the UK this year.

25.03.2014
UK to buy gas from Russia despite Ukraine crisis

LONDON

The UK is to continue to buy gas from Russia, despite Prime Minister David Cameron launching sanctions and threatening further action against Moscow over its annexation of Crimea and ongoing tensions over Ukraine.

Centrica, the parent company of British Gas, signed a three-year deal with Russian firm Gazprom Marketing & Trading to deliver 2.4 billion cubic meters of natural gas back in 2012 and the contract will begin this year in October. 

When Centrica was asked by Anadolu Agency on Tuesday if the contract was being revised in light of the recent crisis in Ukraine, AA was told that there would be “no change” to the 2012 agreement. 

At the time of signing the original contract, Cordi O'Hara, Centrica Energy, Origination Director said: "Centrica is at the forefront of helping to deliver UK energy security and this deal is a natural fit with one of the world’s largest gas producers and exporters.”

Gazprom Marketing & Trading Limited is a UK-registered wholly-owned subsidiary of OAO Gazprom. It has its headquarters in London and was established in 1999 to manage Gazprom's marketing and trading activities across Europe.

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