Business
Completion of Cygnus gas field interest sale
Centrica PLC announced on October 1, 2025, the completion of Spirit Energy's sale of a 46.25% interest in the Cygnus gas field to Ithaca Energy plc. The headline consideration for this transaction is £116 million, which includes the transfer of associated decommissioning liabilities. Following this transaction, Spirit Energy will retain a 15.00% interest in the Cygnus gas field. The initial announcement of this transaction was made on May 20, 2025. Disclaimer*
About this update from Centrica Plc
1 October 2025 Centrica plc Completion of Cygnus gas field interest sale Centrica plc is pleased to announce that Spirit Energy has completed the sale 1 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: Investors and Analysts: email: [email protected] Media: email: [email protected] tel: +44 (0)1784 843000 Notes: 1. Transaction initially announced 20 th 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