BG Group completes LNG sale

BG Group, the FTSE 100-listed oil and gas explorer, yesterday said it has completed the sale of its stake in the Queensland Curtis liquefied natural gas (LNG) project in Australia to China National Offshore Oil Corporation (CNOOC) for $1.93bn (£1.21bn). Under a separate agreement, BG Group will supply CNOOC with an additional five million tonnes per year of LNG. The deal was first announced back in October 2012.