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Press release 25 November 2015

BG Group starts commercial operations from QCLNG Train 2 in Australia
 

BG Group starts commercial operations from QCLNG Train 2 in Australia

BG Group (LSE: BG.L), a world leader in exploration and LNG, today announces that commercial operations began from the second train at its Queensland Curtis LNG (QCLNG) plant. QGC, BG Group’s Australian subsidiary, has also assumed control of Train 2 from Bechtel Australia, which built the facility.

BG Group now has full control of both LNG trains and associated facilities at QCLNG. By mid-2016 the integrated project is expected to reach plateau production, producing enough LNG to load around ten vessels per month combined which is equivalent to exporting around eight million tonnes per year. Since starting production in December 2014, 71 cargoes have been shipped.

The partners in Train 2 are BG Group (97.5%) and Tokyo Gas (2.5%), which is also a foundation customer.

Helge Lund, BG Group’s Chief Executive, commented:

"As we assume full control of the entire QCLNG plant, we remain focused on managing the facility safely and responsibly. The QGC and Bechtel team deserve great credit for the completion of the project, and I would also like to thank our partners, contractors, government authorities including the State of Queensland, together with the landholders and the communities from across the Surat Basin to Curtis Island for their support. They all helped us to not only connect QCLNG to more wells than any liquefaction plant in the world, but establish a new LNG industry based on natural gas in coal seams.

"With both trains now fully operational, QCLNG adds significant volumes and flexibility to our LNG shipping and marketing portfolio."
 

Notes to Editors:
 

QCLNG Partners:

Train

Start

Partners and Equity

LNG Purchaser and Equity

Train 1

December 2014

BG Group 50%
CNOOC 50%

BG Group 100%

Train 2

July 2015

BG Group 97.5%
Tokyo Gas 2.5%

BG Group 100%

About BG Group:

BG Group plc (LSE: BG.L) is a world leader in natural gas, with a broad portfolio of business interests focused on exploration and production and liquefied natural gas. Active in more than 20 countries on five continents, BG Group combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.

BG Group trades in the US in the form of ADRs (American Depositary Receipts) on the OTCQX International Premier market under the symbol (OTCQX: BRGYY).

For further information visit:  www.bg-group.com   

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There are matters set out within this announcement that are forward-looking statements. Such statements are only predictions, and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from these forward-looking statements, refer to BG Group's Annual Report and Accounts for the year ended 31 December 2014. BG Group does not undertake any obligation to update publicly, or revise, forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.