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Market Update

1st Aug 2014 08:00

RNS Number : 9958N
BG GROUP plc
01 August 2014
 



 

 

 

 

News Release

01 August 2014

 

Market Update

Threat of Industrial Action on Curtis Island, Queensland, Australia

Following BG Group's second quarter results announcement on Thursday 31 July, the company updates that late yesterday the Construction, Forestry, Mining and Energy Union (CFMEU) - one of the four unions representing workers at the QCLNG plant on Curtis island, Queensland, Australia - has given notice to Bechtel of its intent to take protected industrial action on Thursday 7th August.

 

BG Group is not aware of the scope or duration of this proposed industrial action from this particular union body. As such, there remains no change to the current expected first LNG date from the QCLNG project in the final quarter of 2014.

 

BG Group will update the market if any potential industrial action, or other material event, is likely to negatively impact the current schedule for first LNG.

 

-ends-

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:

Mark Todd:

+44 (0) 118 929 3110

[email protected]

Kim Blomley:

+44 (0) 118 938 6568

[email protected]

Out of Hours Media Mobile:

+44 (0) 7917 185 707

Investor Relations:

+44 (0) 118 929 3025

[email protected]

 

 

Social media channels:

Flickr

flickr.com/bggroup

Twitter

twitter.com/BGGroup

You Tube

youtube.com/bggroupofficial

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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