Egypt pays $350 million towards BG Group debt

1/2/2015

Egypt pays $350 million towards BG Group debt

READING, United Kingdom -- Following the commitment from the Egyptian government to repay outstanding debts to the energy industry, BG Group has received a further payment equivalent to $350 million. This reduces the company's domestic receivables balance in Egypt to around $920 million.

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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