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On 01 October 2025, Centrica plc announced that Spirit Energy completed the sale of a 46.25% interest in the Cygnus gas field to Ithaca Energy plc. The transaction was for a headline consideration of £116 million and included the transfer of associated decommissioning liabilities. Following completion, Spirit Energy will retain a 15.00% interest in the Cygnus gas field.
| Date | 1 Oct 2025 |
| Time | 07:00:09 |
| Category | Disposals |
| ID | 5000B |
1 October 2025
Centrica plc
Completion of Cygnus gas field interest sale
Centrica plc is pleased to announce that Spirit Energy has completed the sale1 of a 46.25% interest in the Cygnus gas field to Ithaca Energy plc for headline consideration of £116 million and the transfer of associated decommissioning liabilities.
Enquiries:
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Investors and Analysts: |
email: ir@centrica.com |
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Media: |
email: media@centrica.com |
tel: +44 (0)1784 843000 |
Notes:
1. Transaction initially announced 20th May 2025. Following completion of the transaction, Spirit Energy will retain a 15.00% interest in the Cygnus gas field.
Centrica plc is listed on the London Stock Exchange (CNA)
Registered Office: Millstream, Maidenhead Road, Windsor, Berkshire SL4 5GD
Registered in England & Wales number: 3033654
Legal Entity Identifier number: E26EDV109X6EEPBKVH76
ISIN number: GB00B033F229