OSLO, Oct 30 (Reuters) - British utility Centrica ( CPYYF ) and

U.S. producer Coterra Energy ( CTRA ) have entered into two gas sale and

purchase agreements, which will reduce market risk in Centrica's ( CPYYF )

liquefied natural gas (LNG) portfolio, Centrica ( CPYYF ) said on

Wednesday.

Under the contracts, Coterra will supply 100,000 mmBtu per

day of natural gas linked to European gas prices such as the

Dutch TTF and British NBP hubs, for a period of 10 years,

commencing in 2028, the Centrica ( CPYYF ) statement said.

"This major gas deal will reduce the market risk in

Centrica's ( CPYYF ) LNG portfolio by purchasing U.S. gas on the same

price indices under which the LNG is subsequently sold," the

company wrote.

Centrica ( CPYYF ) did not disclose a financial value for the

transaction.