BG asset sale raises $1Bln

Written by  John McKay
Tuesday, 17 June 2014
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June 17 (LNGJ) - Leading LNG player BG Group will sell its equity interest in the Central Area Transmission System natural gas pipeline in the UK North Sea and associated infrastructure to Antin Infrastructure for almost $1 billion. BG is trying to reorganize its finances after a slump in performance that led to the resignation of Chief Executive Chris Finlayson. The sale does not impact BG's rights to capacity on the pipeline system, which includes the Everest oil and gas platform, over 400 kilometres of subsea pipeline and a two-train onshore gas processing terminal at Teesside in northeast England.

Last modified on Tuesday, 17 June 2014 11:21
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