SSE and Shell sign 10-year gas supply deal

SSE and Shell Energy Europe have agreed a 10-year gas supply of 790 mcm per year, starting in 2015. This represents roughly 5% of SSE’s forecast gas requirements per year. […]

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By Tom Gibson

SSE and Shell Energy Europe have agreed a 10-year gas supply of 790 mcm per year, starting in 2015. This represents roughly 5% of SSE’s forecast gas requirements per year.

SSE signed a similar 10-year agreement with Statoil in June last year.

Alistair Phillips-Davies, Generation and Supply Director of SSE said: “This transaction secures a long term supply of gas for the UK market from a creditworthy, reliable and local producer. It is exactly what is required for a stable and confident market which supports investment in new gas-fired generation.”