Oct 17 (LNGJ) - BG Group has sold TGGT, a joint venture gas gathering company operating in East Texas and North Louisiana, to Azure Midstream Energy for $231 million in cash. BG said the sale is aligned with a key strategic commitment to focuses on its core strengths of exploration and production and LNG. TGGT is a 50-50 joint venture with EXCO Resources which is also selling to Azure.
BG to focus on LNG portfolio
Written by John McKay
Thursday, 17 October 2013
Free Read
font size
Published in
News in brief
Latest from John McKay
- Italian gas grid and LNG terminals operator SNAM makes progress in acquiring more natural gas storage
- US equipment and services firm Baker Hughes buoyed by orders for Algerian gas field and Australian LNG
- Italy’s Enel utility reports drop in revenues from natural gas to power businesses in Europe and South America
- TechnipFMC increases earnings as orders grow for oil and gas and LNG projects to. boost the backlog
- Golden Pass advances
Related Video
Free Read
