BG Group plc has completed today the sale of BG Storage Limited and associated assets to Dynegy Inc., of the USA.

The sale, announced on July 16, has realised £421 million for BG Group.

Consent to the sale was sought and given by the Gas and Electricity Markets Authority, The Department of Trade and Industry and the Office of Fair Trading.

Notes to Editors

BG Storage provides gas storage services in Great Britain. Its assets include the partially depleted Rough offshore storage facility in the southern North Sea and the associated production licence, a 73 per cent interest in the Easington onshore gas processing terminal, Humberside, and nine salt cavities in Hornsea, east Yorkshire. The associated assets include the remaining 27 per cent interest in the Easington onshore gas processing terminal and the Amethyst gas processing and condensate transportation agreement.

BG Storage's employees, of whom there are about 260, are now part of Dynegy Storage Limited.