2nd Jan 2015 07:00
News Release |
2 January 2015
Egyptian government pays US$350 million to BG Group
Following the commitment from the Egyptian government to repay outstanding debts to the energy industry, BG Group plc (LSE: BG.L), a world leader in exploration and LNG, has received a further payment equivalent to US$350 million. This reduces the company's domestic receivables balance in Egypt to around US$920 million.
While the Group has been impacted by the reduction of LNG exports from Egypt, the company continues to investigate options for increasing the supply of gas and is working with the government on resolving the outstanding receivable balance.
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Notes to Editors:
BG Group plc (LSE: BG.L) is a world leader in natural gas, with a broad portfolio of business interests focused on exploration and production and liquefied natural gas. Active in more than 20 countries on five continents, BG Group combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.
For further information visit: www.bg-group.com
There are matters set out within this announcement that are forward-looking statements. Such statements are only predictions, and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from these forward-looking statements, refer toBG Group's Annual Report and Accounts for the year ended 31 December 2013. BG Group does not undertake any obligation to update publicly, or revise, forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
Contact:
MediaLachlan Johnston +44 (0) 118 929 2942 [email protected]
Kim Blomley: +44 (0) 118 938 6568 [email protected]
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Investors
Mark Lidiard: +44 (0) 118 929 2079 [email protected]
Siobhán Andrews: +44 (0) 118 929 3171 [email protected]
Angus Barry: +44 (0) 118 929 2997 [email protected]
Ian Wood: +44 (0) 118 929 3829 [email protected]
Investor Relations: +44 (0) 118 929 3025 [email protected]
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