Gas exploration firm BG Group (BG.L) was higher today after news that it will receive $350M from the Eygptian government as part of their drive to settle outstanding debts with energy suppliers.
In a statement the company said: “While the group has been impacted by the reduction of liquefied natural gas 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.”
Gas exploration firm BG Group (BG.L) was higher today after news that it will receive $350M from the Eygptian government as part of their drive to settle outstanding debts with energy suppliers.
In a statement the company said: “While the group has been impacted by the reduction of liquefied natural gas 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.”
Shares finished trading up 2.53% at 1094.39p
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