Full Description
BG Group plc (BG.L) (London Stock Exchange)
BG Group plc is engaged in the exploration, development, production, transmission, distribution and supply of natural gas and oil. The Company operates in four segments: Exploration and Production (E&P), Liquefied Natural Gas (LNG), Transmission and Distribution (T&D), and Power Generation (Power). On November 14, 2008, BG Group's wholly owned subsidiary, BG International (AUS) Investments Pty Limited, acquired a 90% interest in Queensland Gas Company Limited. In March 2009, BG International (AUS) Investments Pty Ltd completed compulsory acquisition of all outstanding shares in Queensland Gas Company Limited. As of March 31, 2009, BG International (AUS) Investments Pty Limited held a 96.68% interest in Pure Energy Resources Limited. In April 2009, the Company acquired a relevant interest in 99.74% of Pure Energy Resources Limited.
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