Australian pipe unit sold for $5 Bn

摘要

BG Group has agreed to sell its wholly-owned subsidiary QCLNG Pipeline Pty Ltd to APA Group, Australia’s largest gas infrastructure business, for around US $5.0 Bn. QCLNG Pipeline Pty Ltd owns a 543km, large-diameter underground pipeline network linking BG Group’s natural gas fields in southern Queensland to a two-train LNG export facility at Gladstone on Australia’s east coast. “The sale of this non-core infrastructure is consistent with BG Group’s strategy of actively managing its global asset portfolio,” BG said.