LNG

May 29 (LNGJ) - BG Group signed a binding deal with Cosan S.A. for the sale of the UK company's 60 percent stake in Brazilian utility Comgas for $1.7Bln in cash and debt reduction of $1.1Bln, providing more funds for BG's principal LNG business. BG Chief Executive Frank Chapman said the transaction will release capital and along with other divestments, it represents “significant progress” towards a two-year goal to raise $5Bln from assets.