23 April 2024
“More active” trading helps BG Group raise 2011 LNG profit outlook
Publication date: 25 October 2011
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BG Group expects 2011 operating profit at its LNG unit to be around $2.4 billion, ahead of previous guidance of $1.9-2.2 billion, the company said on Tuesday. BG diverted 89% of cargoes to more profitable markets outside the USA during the third quarter, compared with 78% a year earlier.