BG Group completes sale of QCLNG pipeline

BG Group has completed the sale of its QCLNG gas pipeline linking gas fields to Curtis Island.

The company's wholly-owned 543 kilometre pipeline network was sold to APA Group.

The transaction resulted in gross proceeds for BG Group of about US$4.6 billion.

>> LNG production to quadruple as plants come online

The sale proceeds will be used to reduce net debt and to fund future growth investment.

BG Group announced the sale in December, saying the move was in line with the company's strategy to focus on its core areas of oil and gas exploration and production, and LNG.


Multi-million dollar home-buyers target the Whitsundays

Multi-million dollar home-buyers target the Whitsundays

Aqua and Villa Botanica sold for six figure sums.

Prossie streets are a blank canvas for Caribbean artist

Prossie streets are a blank canvas for Caribbean artist

Prossie streets are a blank canvass for Caribbean artist.

Sea Eagles take win in penultimate minor premiership match

Sea Eagles take win in penultimate minor premiership match

Sea Eagles take win in penultimate minor premiership match.

Local Partners