BG Group completes sale of QCLNG pipeline

BG Group has completed the sale of its QCLNG gas pipeline linking gas fields to Curtis Island.

The company's wholly-owned 543 kilometre pipeline network was sold to APA Group.

The transaction resulted in gross proceeds for BG Group of about US$4.6 billion.

>> LNG production to quadruple as plants come online

The sale proceeds will be used to reduce net debt and to fund future growth investment.

BG Group announced the sale in December, saying the move was in line with the company's strategy to focus on its core areas of oil and gas exploration and production, and LNG.



Family reunion and far-flung visitors at the sale

premium_icon Family reunion and far-flung visitors at the sale

Pig and Calf proves to be an enticing stop-off

Drivers warned after man injured in level crossing crash

Drivers warned after man injured in level crossing crash

Collision between truck and train sparks message from police

Truck and train collide near Warwick

Truck and train collide near Warwick

Emergency services remain at the scene