Lake Charles LNG project receives FERC approval

18 December 2015

Lake Charles LNG project receives FERC approval

BG Group (LSE: BG.L) today announces that the Lake Charles LNG export project has received approval from the US Federal Energy Regulatory Commission (FERC) to construct and operate a natural gas liquefaction and export facility in Lake Charles, Louisiana.

FERC approval is the key remaining regulatory consent for the Lake Charles LNG project, which BG Group is developing with Energy Transfer Equity LP (NYSE: ETE) and Energy Transfer Partners, L.P. (NYSE: ETP). Energy Transfer owns an existing LNG regasification facility in Lake Charles, which will be converted to a liquefaction facility.

The project has conditional authorization from the US Department of Energy for the export of up to 2 billion cubic feet of natural gas per day or approximately 15 million metric tons of LNG per annum.

Final investment decisions from both BG Group and Energy Transfer are expected to be taken in 2016, with construction to start immediately following a positive decision and first LNG exports anticipated about four years later.

Helge Lund, BG Group Chief Executive, commented:

"We are pleased to receive the approval from FERC, an important milestone as we progress the Lake Charles project towards a final investment decision. By utilising a brownfield site, and the ready supply of gas from the US grid, Lake Charles LNG offers one of the largest and most competitive new LNG supply options in the marketplace."

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Notes to Editors:

· BG Group is responsible for selecting the engineering, procurement and construction (EPC) contractor and managing construction.

· Upon completion, BG Group will operate and be responsible for the LNG offtake from the facility.

· Watch a video of the Lake Charles LNG project on: http://ow.ly/W27BM 

About BG Group:

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.

BG Group trades in the US in the form of ADRs (American Depositary Receipts) on the OTCQX International Premier market under the symbol (OTCQX:BRGYY).

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 2014. 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.

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