Egyptian government pays $350 million to BG Group

Following the commitment from the Egyptian government to repay outstanding debts to the energy industry, BG Group plc (LSE: BG.L), a world leader in exploration and LNG, has received a $350 million payment. This reduces the company’s domestic receivables balance in Egypt to around $1.2 billion.

The payment is the result of the government of Egypt raising funds specifically to help repay debts to the oil and gas sector.

While the Group has been impacted by the reduction of LNG exports from Egypt, the company continues to investigate options for increasing the supply of gas and is working with the government on resolving the outstanding receivable balance.

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Notes to Editors:

BG Group operates in Egypt through its wholly-owned subsidiary BG Egypt. The company is one of the largest producers of natural gas in Egypt spanning the gas chain from exploration through development and production to LNG. In 2013, Egypt contributed 18% of Group production.

BG Group plc (LSE: BG.L) is a world leader in natural gas, with a broad portfolio of business interests focused on exploration and production and liquefied natural gas. Active in more than 20 countries on five continents, BG Group combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves.

For further information visit: www.bg-group.com

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There are matters set out within this announcement that are forward-looking statements. Such statements are only predictions, and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from these forward-looking statements, refer to BG Group’s Annual Report and Accounts for the year ended 31 December 2013. BG Group does not undertake any obligation to update publicly, or revise, forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.