Centrica Energy has announced the signing of a long-term Sale and Purchase Agreement (SPA) to supply liquefied natural gas (LNG) to Exodus for Honduras, marking a new milestone in the country's energy development. The agreement was announced on November 27, 2025.

Agreement Details and Timeline

Under the terms of the 15-year contract, Centrica will deliver approximately six LNG cargoes per year to Exodus through a ship-to-ship operation into the Floating Storage Unit (FSU) Bilbao Knutsen, located in Puerto Cortes. The contract is expected to commence in 2026. The LNG will be transported to the Brassavola Combined Cycle Power Plant, an operating 150 MW thermal facility with its combined cycle under construction and set to reach 240 MW of power capacity. This initiative represents the first-ever import of natural gas for power generation in Honduras.

Infrastructure Development

Once operational, the FSU will serve as the backbone of LNG storage at a new terminal currently under construction on Honduras' Caribbean coast. The project is designed to enhance energy security, improve generation efficiency, and support industrial growth. The FSU Bilbao Knutsen represents a critical component of the new LNG infrastructure being developed in Puerto Cortes, providing the necessary storage capacity for the incoming LNG deliveries.

Strategic Significance

“This agreement reflects Centrica Energy's commitment to expanding global LNG access through strategic partnerships,” said Arturo Gallego, Global Head of LNG at Centrica Energy. “By leveraging our global reach and operational expertise, we're proud to support Exodus and Honduras in its journey toward a more sustainable and resilient energy future.” This initiative represents a significant step toward diversifying Honduras' energy mix and reducing its reliance on less environmentally friendly fossil fuels.

The project marks Honduras' entry into the natural gas market for power generation, establishing a new energy pathway for the Central American nation. The agreement demonstrates Centrica Energy's expansion of its global LNG operations through strategic partnerships in emerging markets, while supporting Honduras' efforts to modernize its energy infrastructure and improve power generation capabilities.

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