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BG Group receives USD 350m from Egyptian government

05th January 2015

Following the commitment from the Egyptian government to repay outstanding debts to the energy industry, BG Group has received a further payment equivalent to USD 350m

BG Group receives USD 350m from Egyptian government
This reduces the company's domestic receivables balance in Egypt to around USD 920m

This reduces the company's domestic receivables balance in Egypt to around USD 920m.

While the group has been impacted by the reduction of LNG exports from Egypt, the company continues to investigate options for increasing the supply of gas and is working with the government on resolving the outstanding receivable balance.

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