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BG Group trading update First Quarter 2006

Source: www.gulfoilandgas.com 4/3/2006, Location: Europe

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 Groupís E&P, T&D and Power businesses have, together, traded broadly in line with market expectations.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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