BG Group has traded ahead of market expectations in the first
quarter of 2006, due to the strong performance of its LNG business.
The LNG business segment is expected to report a first quarter
operating profit of not less than £130 million. The LNG
shipping and marketing business managed 40 cargoes in the quarter
of which approximately two thirds were sold into markets outside
of the USA. This is due to very strong seasonal demand and
higher realized prices in Japan and Europe.
The Group’s E&P, T&D and Power businesses have,
together, traded broadly in line with market expectations.
BG Group’s first quarter results will be announced on
3 May 2006.
Notes to Editors:
BG Group plc is a global natural gas business. Active on five
continents in over 20 countries, it operates four business
segments – Exploration and Production, LNG, Transmission
and Distribution and Power.
Enquiries:
Communications:
+ 44 (0) 118 929 3717
Out of hours media assistance:
+ 44 (0)7917 185 707
Investor Relations
Chris Lloyd/Helen Parris/Kate Bingham + 44 (0) 118 929 3025
|