Centrica Plc has inked a decade-long agreement with Devon Energy Corp. to purchase U.S. natural gas, a move aimed at bolstering its international energy operations.

Under the contract, Centrica’s trading arm, Centrica Energy, will receive 50,000 million British thermal units (MMBtu) per day starting in 2028. This volume equates to roughly five liquefied natural gas (LNG) shipments annually. The pricing of the gas will be tied to the TTF benchmark, a key European market index.

The agreement strengthens Centrica’s global gas presence, complementing its recent expansion into New York. It also provides a hedge against price fluctuations in its LNG portfolio by linking feed gas costs to European futures. For Devon Energy, the deal opens doors to broader international markets.

“Gas continues to play a vital role in the energy transition, and agreements like this secure competitively priced supply,” said Centrica CEO Chris O’Shea.

The deal reflects a growing trend among U.S. gas producers, who are increasingly locking in overseas buyers. Both European and Asian gas benchmarks currently trade at roughly four times the price of U.S. Henry Hub rates.

Centrica has recently pursued similar agreements, including a 15-year U.S. LNG supply deal with Petroleo Brasileiro SA earlier this year and a contract with Coterra Energy Inc. last year.