BG Group PLC Sells Additional Interests in Queensland Curtis LNG to China National Offshore Oil Corporation


Tuesday, 7 May 2013 02:00am EDT 

BG Group PLC announced it has signed binding agreements with China National Offshore Oil Corporation (CNOOC) for the sale of certain additional interests in the Queensland Curtis LNG (QCLNG) project in Australia for USD 1.93 billion and for the supply of an additional 5 million tons per annum of liquefied natural gas (LNG). Additionally, CNOOC will reimburse BG Group for its share of QCLNG project expenditure incurred from January 1, 2012. 

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