1st Aug 2014 08:00
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.
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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.
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