Centrica has agreed to buy a 50 per cent stake in the biomethane gas shipper Barrow Green Gas (BGG).
Founded in 2012, the company acts as a middleman between producers and suppliers. It is the only gas shipper in the UK to focus solely on the green gas market.
As such, BGG claims the title of the country’s largest shipper of biomethane, providing almost half of the green gas used by British homes and businesses.
Cassim Mangerah, co-managing director of Centrica’s energy marketing and trading business, said: “We expect the biomethane market to continue to grow across the UK and Europe, underpinned by supportive regulation and growing customer demand for renewable energy.
“We’ve been impressed with BGG’s expertise and customer relationships. We believe this partnership creates a unique platform for us to help grow the green gas market internationally and meet the changing needs of our customers as they transition to renewable energy sources.”
BGG managing director Tim Davis, added: “We are delighted that Centrica is investing in BGG. Having a strong partner means we can look to the future with confidence. We will continue to focus on the needs of the green gas market while being able to offer our customers a wider range of services through Centrica’s position in the wider energy market.”