Sale of Equity interest in Chilean LNG terminal

27 April 2012

BG Group agrees to sell its equity interest in Chilean LNG terminal

BG Group today announced that it has reached agreements with Enagás S.A. (Enagás) of Spain for the sale of its 40% equity interest in GNL Quintero S.A. (GNLQ) for up to

$352 million.

The Stock Purchase Agreement (SPA) is structured in two tranches. The first tranche refers to the sale of 20% equity in GNLQ for a consideration of $176 million and is subject to a standard regulatory consent and pre-emption. The second tranche refers to the sale of the remaining 20%, for an additional $176 million and is also subject to partner and lender consents. The transactions are expected to complete by the end of 2012.

The SPA agreements reached today only apply to BG Group's shareholding in GNLQ - the owner and operator of the 2.5 million tonnes per annum (mtpa) capacity regasification terminal in Quintero, Chile. The agreements do not impact upon the Group's 21-year contract to supply up to 1.7 mtpa of LNG to the Chilean market out to 2030.

BG Group Chief Executive Sir Frank Chapman said: "The agreement reached today is another important milestone in the successful execution of BG Group's funding diversification and portfolio rationalisation programme.

"BG Group was instrumental in delivering the GNLQ facility - the first onshore regasification terminal to operate in the southern hemisphere - and we will continue to be a key supplier of LNG into this important, counter-seasonal energy market."

-ends-

Notes to Editors:

BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively priced resources to specific, high-value markets. Active in more than 25 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG) and transmission and distribution business interests. It 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

BG Group's other partners in the terminal were ENAP S.A. (20%), Endesa S.A. (20%) and Metrogas S.A. of Chile (20%).

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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 2011. 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.