LNG

April 23 (LNGJ) - BG Group, one of the world's leading LNG companies, announced a US$500 million credit agreement with Export Development Canada (EDC). The agreement has an initial term of four years with the option to extend for an additional 12 months. The agreement with EDC will build upon BG's existing relationships with Canadian service providers and will encourage BG to examine other potential procurement opportunities for Canadian goods and services across the Group's global portfolio. BG Chief Financial Officer Fabio Barbosa said: "We are pleased to have secured this US$500 million credit facility with EDC and we look forward to developing our relationship with them. In addition to this agreement, in the last 12 months we have successfully raised $5.6 billion on the international bond markets; increased our uncommitted facilities to $4.5Bln; signed a memorandum of understanding with the Bank of China for up to $1.5Bln of funding support; and, received initial approval from the Brazilian Development Bank for up to $1.8Bln in long-term finance."