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It is the trading name of British Gas Services Limited and British Gas New Heating Limited, both subsidiaries of Centrica. [5] Serving around ten million homes in the United Kingdom, British Gas was the largest energy supplier in the country until 2024 when it was overtaken by Octopus Energy. [6] It remains the largest gas supplier.
The British gas industry was privatised in 1986 under the provisions of the Gas Act 1986. [10] The Act abolished the British Gas Corporation and established British Gas plc. The 1986 Act also established a licensing regime, a Gas Consumers’ Council, and a regulator for the industry called the Office of Gas Supply (OFGAS). [10]
Gas del Estado (1992) – national gas company partitioned and sold, among others, to the Spanish Gas Natural company Naturgy. Obras Sanitarias de la Nación (water company, 1992–93) - given under concession to the French conglomerate Suez , which operated it under the name Aguas Argentinas; re-nationalized in 2006 as Aguas y Saneamientos ...
The Gas Act 1986 (c. 44) created the framework for privatisation of the gas supply industry in Great Britain. [1] The legislation replaced the British Gas Corporation (government or state ownership) with British Gas plc (private ownership). The Act also established a licensing regime, a Gas Consumers’ Council, and a regulator for the industry ...
In 1990, the assets of the board passed to Eastern Electricity plc, one of the regional electricity companies formed by the Electricity Act 1989.The company was privatised later in the year in a stock market flotation, one of many UK Government public share offers that saw formerly state-owned utilities sold off, including British Telecom, British Gas, and the UK's regional water companies.
BG Group plc was a British multinational oil and gas company headquartered in Reading, United Kingdom. [ 3 ] [ 4 ] On 8 April 2015, Royal Dutch Shell announced that it had reached an agreement to acquire BG Group for $70 billion, subject to regulatory and shareholder agreement.
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Oil and Pipelines Act 1985 (c. 62) abolishes the British National Oil Corporation, establishes the Oil and Pipelines Agency: 1985 UK oil exports peaked 1986 Advance Petroleum Revenue Tax Act 1986 (c. 68), repayment of advance petroleum revenue tax 1986 Gas Act 1986 (c. 44), privatised the gas industry, established British Gas and Ofgas as regulator