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Centrica Invests In Natural Gas Supplier
June 29,2018 Centrica plc’s Energy Marketing & Trading business has agreed to acquire a 50% stake in Barrow Green Gas (“BGG”), described as the UK’s largest biomethane supplier. Centrica said that, "BGG is the only gas business in Great Britain focused solely on the green gas market, shipping almost half of the green gas used by British homes and businesses. Established in 2012, the company supports biomethane producers by facilitating the supply of biomethane to gas buyers, and provides Green Gas Certificates (GGCs) to energy suppliers." Centrica said that, "The new partnership will give Centrica access to leading expertise in the biomethane market and strengthen its ability to offer customers a wider choice of renewable energy products. The deal will also provide growth opportunities for BGG to access Centrica’s capabilities in international markets, market information and tools." Cassim Mangerah, Co-Managing Director for Centrica Energy Marketing and Trading, said, "We expect the biomethane market to continue to grow across the UK and Europe, underpinned by supportive regulation and growing customer demand for renewable energy. We’ve been impressed with BGG’s expertise and customer relationships. We believe this partnership creates a unique platform for us to help grow the green gas market internationally and meet the changing needs of our customers as they transition to renewable energy sources." BGG and Centrica will continue to operate as independent companies following the acquisition.
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