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A new deal agreed by the owner of British Gas to provide fuel to the UK may benefit people looking for cheap gas deals by securing the future supply of the energy source.
Centrica has announced a £13 billion contract over ten years with Statoil to deliver 50 billion cubic metres of gas - enough to meet around five per cent of the country's total demand and provide energy for 3.5 million homes.
Chief executive of Centrica Sam Laidlaw said the deal is an "important step" in meeting the firm's long-term commitments and will "[provide] further energy security for British Gas customers long into the future."
The deal was also welcomed by prime minister David Cameron, who said it will ensure gas supplies into the UK remain competitive, which will be vitally important as the commodity plays a central role in powering the UK's economy.
Recently, energy and climate change secretary Chris Huhne asked Ofgem to investigate the long-term security of the UK's gas supply, to ensure the nation is not left exposed to fluctuations in the wholesale cost of the fuel.
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