Centrica to buy U.S. natural gas on long term contract

http://news.yahoo.com/centrica-buy-u-natural-gas-landmark-deal-1744...

"Britain's Centrica PLC signed a long-term deal to import U.S.natural gas on Monday, the first pact of its kind for the island nation as it weathers a winter energy crisis.

The 20-year deal with U.S. exporter Cheniere Energy Inc will supply enough liquefied natural gas (LNG) to heat 1.8 million British homes starting in 2018, and comes as domestic gas production continues to decline while U.S. output hits record highs.

Reuters reported earlier in March that Centrica, Britain's biggest household energy supplier, was in talks with Cheniere to secure the country's first long-term LNG import deal in a bid to guarantee supplies and tame price spikes.

The issue of gas imports has come to the fore this month as late winter cold reduced stockpiles to around a 10th of their capacity, sparking fears of supply restrictions as forecasts show wintry weather continuing into early April."

Ultimately, I think its good for our domestic production, good for producers, good for mineral owners, and good for our allies,  

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