BG Group signs natural gas deals with CNOOC

theflyonthewall.com

BG Group (BRGYY) earlier today announced it has signed binding agreements with CNOOC (CEO) for the sale of certain additional interests in the Queensland Curtis LNG, or QCLNG, project in Australia for $1.93B and for the supply of an additional 5M tons per year of liquefied natural gas. Additionally, CNOOC will reimburse BG Group for its share of QCLNG project expenditure incurred from 1 January 2012, BG added.

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