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BG sells QCLNG pipeline for US$5 billion

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Report summary

BG has sold its Queensland Curtis LNG (QCLNG) export pipeline and associated infrastructure to Australian based infrastructure group APA for US$5 billion. With falling oil prices currently causing investors to focus on financial strength, the deal is well-timed from BG's perspective; divesting this non-core asset will enable BG to reduce its gearing and increase its strategic optionality.

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    BG sells QCLNG pipeline for US$5 billion

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