Centrica Share Discussion Threads

[covid 19 deal] 10/8/2022 10:21

The question is ..is centrica making money???

[covid 19 deal] 10/8/2022 10:19

Are they giving dividend???

[careful] 09/8/2022 18:51

Here we go again.
Centrica entering a deal with US supplier for LNG over 15 years to guarantee supplies for customers.

So when the gas starts flowing again from Russia as it will, the spot price will fall and small cowboy providers will undercut Centrica and win customers.

The only winners will be American energy suppliers.

Great businessmen the Yanks, you have to admire.
They refuse to let Russia to supply gas through the Nordstream 2 pipeline, then profit by supplying the LNG themselves.

Oh what a tangled web we weave...

[florenceorbis] 09/8/2022 15:04

rté



Centrica signs £7 billion LNG deal with US supplier

Updated / Tuesday, 9 Aug 2022 14:19


Centrica has signed a £7 billion agreement with US-based Delfin Midstream to buy liquefied natural gas (LNG) from 2026, Britain's largest energy supplier said today.

Countries across Europe are seeking to diversify their energy supplies following Russia's invasion of Ukraine and a drop in gas flows from Russia to Europe.

Centrica, which owns Bord Gáis Energy and British Gas, said the 15-year deal would be worth around £7 billion and involve buying 1 million tonnes of LNG a year on a free on board (FOB) from the Delfin Deepwater Port off the coast of Louisiana from 2026.

"Natural gas has now been recognised as an essential transition fuel on the path to net zero just at the point geopolitical uncertainty is impacting the global gas market," said Centrica CEO Chris O'Shea in a statement.

Britain is home to three of the largest LNG terminals in Europe - two terminals at Milford Haven and another at the Isle of Grain - where the super chilled fuel is converted back into gas.

"Today's deal between Centrica and Delfin is positive news for the UK, helping to ensure our diversity of supply from reliable sources," Kwasi Kwarteng, Britain's Business and Energy Minister said in Centrica's statement.

The US became the world's top exporter of LNG in the first half of 2022 and is on course to exceed a pledge to provide Europe with more supplies of gas and help to break its dependence on Russian fuels.

Delfin said in the statement the deal was another milestone towards taking a final investment decision by the end of the year on the United States' first floating LNG export terminal.

Centrica also signed an agreement with Norway's Equinor in June for an additional 1 bcm of gas supplies, enough to heat 4.5 million homes over the next three winters.

[norma_noog] 05/8/2022 18:18

CNA closing share price 83.80, down 2.24, minus 2.60%(WOW). Superb end to the week. Just wondering how CNA will cope with all those customers who won't be able to pay their bills?🚗

[norma_noog] 03/8/2022 21:54

CNA closing share price 85.50, down 3.64 (WOW), minus 4.08%🚗

[mroalan] 02/8/2022 09:45

you,d believe truss? seriously.

[ammons] 31/7/2022 08:41

Well, according to the FT, Liz Truss already has rejected the idea of new windfall taxes.

hxxps://www.ft.com/content/3867ad2d-bc04-46b9-89de-5995a346e0a1 (28 July)

"Liz Truss rejects windfall tax on energy sector as Rishi Sunak denies backtracking on VAT"

"Foreign secretary Liz Truss rejected suggestions of another windfall tax on the profits of energy companies after Centrica’s bumper earnings prompted fresh calls for additional government support for households struggling with surging fuel bills."

Looks like Sunak is gonna lose so safe to assume there will be no new windfall taxes under Truss.

[norma_noog] 30/7/2022 20:53

CNA closing share price 87.70, down 1.14, minus 1.3%. Anyone heard from dio160?🚗

[supermarky] 30/7/2022 08:15

Thanks. I am happy to be part of this problem for you.

[warranty] 29/7/2022 11:27

Pure madness and if Liz Truss does win she needs to immediately state that there will be absolutely no windfall taxes. What about all the losses the likes of CNA, BP and Shell have suffered over recent years. These are international companies competing with companies from the USA, Middle East, South American and even Europe and I don’t see their governments imposing profit windfalls.

[skinny] 29/7/2022 11:19

Its a double edged sword - profits up, so likelihood of extra tax burden also up = share price down.

[american idiot] 29/7/2022 11:09

Record profits put energy firms in Westminster crosshairs once again

[american idiot] 29/7/2022 10:59

1p interim divi and forecast 3p FY divi.

4p @ a shareprice of 80p thats a 5% yield.

Down we go then...

[amaretto1] 28/7/2022 18:58

U are part of the problem... dilusional

[supermarky] 28/7/2022 15:05

Please spend the time to look at actual very small profits cna makes from each of its supply customers. Perhaps then you will have a better understanding and can make an informed comment.

[timmy11] 28/7/2022 11:05

they the media slates cna for making profits but not sse

[daffyjones] 28/7/2022 10:16

Haven't they been telling us they weren't making any money and that is was the oil and gas producers who were squeezing them?

[supermarky] 28/7/2022 10:02

I see the media are banging on about Centrica's obscene profits! How predicable.

[skinny] 28/7/2022 10:02

A new 2+ year high @93.50p earlier - although someway shy of it for now.

[aeu97137] 28/7/2022 09:26

Dreadful company but fair play on getting their half year report out less than 30 days after the period end - very efficient finance and corporate affairs performance

[skinny] 28/7/2022 08:43

An interim dividend of 1.0p per share will be paid on 17 November 2022 to shareholders on the register on 7 October 2022.

[mroalan] 28/7/2022 08:41

Wald, any mention of when the divi will be paid?