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Posted by
Two Blokes May 20, 2025 -
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Centrica PLC (LSE:CNA) has agreed to sell nearly half of its stake in the Cygnus gas field in the southern North Sea for £215 million as the energy group continues to scale back its exposure to fossil fuel production and pivot towards low-carbon infrastructure projects. The deal, announced on Tuesday, involves the sale of a 46.25% interest in Cygnus by Spirit Energy, the oil and gas joint venture majority owned by Centrica.
