LNG

May 3 (LNGJ) - BG Group signed a memorandum of understanding with Cosan S.A. Industria e Comércio for the sale of its 60 percent holding in Comgas, Brazil's largest gas distribution company, for around $1.8 billion as it concentrates its investment in LNG development, production and supply. BG Chief Executive Frank Chapman said: "This memorandum of understanding is another important step in our ongoing portfolio rationalisation and funding diversification programmes, underpinning delivery of the wealth of opportunities we have across our global portfolio. We look forward to concluding this deal as part of our plans to release some $5 billion of capital in the next two years through strategic divestments," he said.