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Spirit Energy

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In 2017 Centrica launched a new company as a joint venture with German energy and infrastructure firm Stadtwerke München (SWM). 

Spirit Energy, an exploration and production (E&P) company, is the result of a combination of Centrica's E&P business and Bayerngas Norge AS, which was formerly majority-owned by SWM.

By combining the cash-generating production assets of Centrica’s portfolio with Bayerngas Norge’s developments, the joint venture creates a business set up to become a strong and sustainable European E&P company.

The creation of Spirit Energy completed the first phase of Centrica’s planned portfolio transformation, enabling us to pursue delivery of longer-term returns and growth with a greater focus on our customer-facing businesses.

Centrica plc owns 69% of Spirit Energy, with Bayerngas Norge’s former shareholders, led by SWM and Bayerngas GmbH, owning 31%.

https://www.centrica.com/sites/default/files/styles/1200x588sc/public/img_centrica_spirit_energy_cta_797x600.jpg?itok=LP4mf6wz
Spirit Energy
For more information, visit the Spirit Energy website
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