BG Group increases its investment in Egypt to $6 billion

Source: www.oilegypt.com 4/22/2004, Location: Africa

Stuart Fysh BGs Executive Vice President & Managing Director Mediterranean Basin and Africa announced that BG Group will increase its investment in Egypt to $6 billion.

The natural gas liquefaction projects in Egypt are cost effective because of the proximity of the natural gas production locations to the export outlets on the Mediterranean coast.



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