Place de cotation: Londres
SETS - New York Stock Exchange
Indice: FTSE
100 - DJ Stoxx ENERGY
BG Group plc is engaged
in the exploration, development, production, transmission, distribution
and supply of natural gas and oil. The Company operates in four segments:
Exploration and Production (E&P), Liquefied Natural Gas (LNG), Transmission
and Distribution (T&D), and Power Generation (Power). On November 14,
2008, BG Group's wholly owned subsidiary, BG International (AUS) Investments
Pty Limited, acquired a 90% interest in Queensland Gas Company Limited.
In March 2009, BG International (AUS) Investments Pty Ltd completed compulsory
acquisition of all outstanding shares in Queensland Gas Company Limited.
As of March 31, 2009, BG International (AUS) Investments Pty Limited held
a 96.68% interest in Pure Energy Resources Limited. In April 2009, the
Company acquired a relevant interest in 99.74% of Pure Energy Resources
Limited.
http://www.bg-group.com
BG
Group entering new decade of high growth
BG
Group will today present its annual strategy update and Fourth Quarter
and Full Year 2009 results.
Key
points from the annual strategy update presentation
BG
Group expects to grow production volumes at the upper end of its compound
annual growth rate target range of 6-8% to 2020, passing the one million
barrels oil equivalent per day (boed) threshold around the middle of the
decade. In Liquefied Natural Gas (LNG), BG Group expects contracted volumes
of 20 million tonnes per annum (mtpa) by 2015.
Brazil:
production is already underway, with net reserves and resources of more
than 3 billion boe. Production is expected to ramp up strongly in the first
half of the decade to reach more than 400 000 boed net to BG Group by 2020.
Australia:
Queensland Curtis LNG (QCLNG) project is on track for sanction this year,
with planned plant capacity now increased to 8.5 mtpa. QCLNG is expected
onstream from 2014, underpinned by up to 8.3 mtpa of LNG agreements. QGC
discovered reserves and resources now stand at 17.3 trillion cubic feet
(tcf).
US:
BG Group expects net production from its EXCO Resources, Inc. (EXCO) shale
gas alliance to exceed 100 000 boed by 2015.
LNG
segment: profit guidance of $1.8-2.0 billion per annum for 2010-12.
Total
reserves and resources increased 10% year-on-year to 14.5 billion boe.
BG
Group Chief Executive Frank Chapman said: “BG Group is entering a new decade
of high growth, underpinned by a strengthened and rebalanced portfolio,
with key projects being significantly and rapidly de-risked and with the
reserves and resources required for our growth programme already secured.”
“Our
aim is to achieve rates of growth which are a multiple of the industry
average, extending our track record of shareholder value creation deep
into the future.”
The
Group’s plans will be presented to analysts and investors at 1400 GMT today
at an event hosted by BG Group Chairman Sir Robert Wilson, Chief Executive
Frank Chapman and Chief Financial Officer Ashley Almanza. The presentation
will be webcast live at www.bg-group.com, after which a recording and transcript
of the event and a copy of the slide presentation will be available online.
BG
Group has also published details of its Fourth Quarter and Full Year results
for 2009, which have been announced separately at www.bg-group.com. This
news release should be read in conjunction with the Group’s Fourth Quarter
and Full Year statement.
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