Centrica Ditches Plans To Ditch Natural Gas Fields In Major Strategy Shift ...Middle East

Economy by : (OILPRICE) -
Natural gas is looking too profitable of a venture for Centrica to make good on its previous plans to sell its UK North Sea natural gas fields, Centrica's CEO told reporters on Thursday. After last year's natural gas crisis in Europe that sent prices sky high, CEO Chris O'Shea dubbed the previously taboo fields as "a key part of our portfolio". Just a few short years ago, Centrica announced it would exit oil and gas exploration and production by the end of 2020 as the owner of British Gas planned on moving away from fossil fuels production and…

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