BG Group signs £1.3bn gas sale

Australian oil producer BG Group yesterday said that it had sold liquefied natural gas (LNG) assets to the China National Offshore Oil Corporation (CNOOC) for $1.93bn (£1.26bn) and the supply of an additional 5m tonnes per year of LNG. The deal was initially announced last October but signed yesterday, with completion expected by the end of the year subject to government and regulatory approvals.