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BG Group sees Egypt operations at risk

: Saturday, August 02 - 2014 @ 04:34

BG Group has warned of dipping production later this year and risks to its operations in Egypt, despite an increase in second-quarter profits, driven by stronger gas prices and sales, Reuters has reported. BG, which counts on Egypt for about a fifth of its natural gas production, warned that the future of its liquefied natural gas (LNG) production there was at risk as it continues to encounter difficulties in expanding and selling volumes. “In the absence of concerted action from the Egyptian government, the future commercial operation of Egyptian LNG remains at risk,” it said.

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Saturday, August 2- 2014 @ 4:34 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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