UK natural gas futures hovered around 80 pence per therm, mirroring the European gas benchmark, fueled by robust supply from Norway and steady LNG deliveries. European gas storage stood at over 60% capacity, with Norwegian gas flows stabilizing and minimal maintenance anticipated in July. In a significant development, Centrica inked a monumental £20 billion agreement with Equinor from Norway, securing the supply of 5 billion cubic meters of natural gas annually to the UK until 2035. This deal plays a crucial role in bolstering the UK's energy security, especially since imports fulfilled nearly two-thirds of the country's demand in 2024, with Norway alone contributing over half. Noteworthy is the inclusion of a provision in the agreement for potential substitution of hydrogen in the future, thereby supporting the UK's efforts towards decarbonization and sustainable energy practices. Centrica's CEO, Chris O'Shea, emphasized the deal as an investment in the UK's future. Despite shelving blue hydrogen plans in Norway, Equinor remains dedicated to advancing hydrogen projects across Europe, including in the UK, showcasing a firm commitment to clean energy transition and innovation.