BG may have more selldowns in pipeline

2012-11-2

BRITISH gas giant BG Group has not ruled out a further selldown of its Queensland Curtis LNG project at Gladstone after this week's $US5 billion ($4.8bn) deal to sell a 20 per cent stake in the project to China's state-owned National Offshore Oil Corp.

The deal was revealed on Wednesday night by BG, along with third-quarter earnings that contained a shock downgrade in production forecasts from operations outside Australia that sent the company's share price tumbling 14 per cent in London to the biggest one day fall since listing in the 1980s.

On the subsequent earnings call, BG chief executive Frank Chapman was asked whether the company was in discussions with other parties about further equity sales of the $US20.4bn QCLNG project being built at Gladstone to export coal seam gas. "I won't be speculating with you . . . about the equity sales," Sir Frank said.

BG's poor production performance and a $US5 billion cost overrun at Gladstone announced earlier this year has led to speculation the company has stepped up its cash preservation efforts and may need to sell down an even greater stake in the project.

 相关文章
信息订阅
业界访谈
中国企业公民委员会会长田润之致辞
在经济全球化深入发展的今天,企业履行社会责任已成为国际社会广泛共识。2010年11月1日首个国际社会责任标准ISO26…[详情]
互联网信息服务许可证号: 京ICP证020082号 广告经营许可证: 京海工商广字第0410号
工商红盾网站注册标号: 010202002052000296号  公安机关备案编号:北京市海淀分局1101081633