BG Group completes sale of pipeline
BG Group has completed the sale of its 543 km pipeline network linking natural gas fields with the Queensland Curtis LNG (QCLNG) facility.
The pipeline has been sold to APA Group. The transaction has resulted in gross proceeds for BG Group of approximately US$4.6 billion.
The sale proceeds will be used to reduce net debt and to fund future growth investment.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/03062015/completion-of-bg-pipeline-sale-888/
You might also like
AD Ports Group completes first ship-to-ship LNG bunkering at Khalifa Port
AD Ports Group has hosted its first ship-to-ship LNG bunkering operation at its flagship deepwater Khalifa Port.
