Financial Times FT.com

Centrica confirms talks with Gazprom

By Rebecca Bream

Published: May 11 2006 03:00 | Last updated: May 11 2006 03:00

Centrica, the owner of British Gas, denied that it was close to a deal with Gazprom, the Russian gas group, but confirmed yesterday that the two were in talks on long-term supply contracts.

Gazprom currently supplies about 2 per cent of the UK's gas via continental gas pipelines but has ambitions to increase this to nearer 20 per cent in the coming years.

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