BG Group to sell Queensland gas interests to mainland's CNOOC
November 1, 2012, 11:34 am TWN
LONDON -- British energy producer BG Group said on Wednesday it will sell interests in its Queensland Curtis liquefied natural gas project in Australia to China's CNOOC for US$1.93 billion (1.48 billion euros).
"BG Group today announces that it has signed a Heads of Agreement with China National Offshore Oil Corporation (CNOOC) for the sale of certain interests in the Queensland Curtis LNG (QCLNG) project in Australia for US$1.93 billion."
The agreement also covered "the sale of liquefied natural gas (LNG) from BG Group's global LNG portfolio," it said in a statement.