en.Wedoany.com Reported - Peyto Exploration & Development Corp. (TSX: PEY) announced on June 2, 2026, in Calgary, Alberta, Canada, that it has signed a long-term natural gas supply agreement with Centrica Energy. Under this natural gas supply agreement, Peyto will deliver 50,000 million British thermal units (MMBtu) of natural gas per day to Centrica Energy starting in 2029 for a period of 10 years.

The delivery point for this natural gas supply agreement is set at the NIT "AECO" hub in Alberta, operated by TC Energy. In terms of pricing mechanism, the natural gas price will reference the Title Transfer Facility (TTF), the benchmark for the European natural gas market. Through this natural gas supply agreement, Peyto diversifies its natural gas sales across different demand markets while gaining exposure to liquefied natural gas (LNG) pricing through its partnership with Centrica Energy, a global energy trader.

Peyto stated that this long-term natural gas supply agreement helps the company further expand its sales channels and reduce reliance on a single market. As a major energy procurement and trading entity in Europe, Centrica Energy's collaboration with Peyto is expected to provide stable supply and demand matching for both parties. The agreement covers a 10-year period with a daily delivery volume of 50,000 MMBtu. Based on current European gas price benchmarks, the total transaction volume over the agreement period is approximately 182.5 million MMBtu.

Peyto is an energy company focused on natural gas exploration and development in the Western Canada Sedimentary Basin. Centrica Energy, a subsidiary of the UK-based Centrica Group, is active in global natural gas procurement, trading, and sales.

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