Centrica PLC, a major U.K.-based energy supplier, is trying to sell its portfolio of liquefied natural gas supply contracts and other assets, according to people familiar with the matter, as it seeks to simplify its operations amid volatile LNG prices.
The targeted value from such a deal couldn’t be learned. However, similar recent transactions suggest that Centrica, the owner of energy and electricity service provider British Gas, may actually need to pay any potential buyer to take the LNG business off its hands, underscoring…
