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BG Group in brief

A world leader in natural gas

In August 1986, The UK Government established and enlisted in London Stock Exchange British Gas Plc by the privatization of the British Gas Corporation and transfer of the corresponding assets.

After spinning off the non strategic activities, Centrica plc. and what is renamed today National Grid plc, British Gas became BG Group with operations in more than 25 countries over five continents.

With head office in UK, more than 60% of BG Group employees are based overseas.

BG Group core business is centered on the natural gas to build experience across all its value chain upstream and midstream.

On this natural gas value chain, BG Group focuses on the:

 – Exploration and production

 – Transportation and distribution

 – Liquefied Natural Gas (LNG) production and transportation

To manage a global company in a natural gas market still fragmented by regional practices, BG Group operates its activities through three regions and a Global Energy Marketing and Shipping (GEMS) business unit:

– Americas and Europe

 – Africa, Central and South Asia

 – Australia

 – Global Energy Marketing and Shipping to trade, store and distribute natural gas and LNG

Creating value from the discrepancy of the market gas prices between regions, BG Group:

 – Holds capacity at regasification terminals on both sides of the Atlantic (US import capacity in Lake Charles, Louisiana and Lake Charles, Louisiana)

 – Leads LNG supply to USA for five years

 – Operates the largest fleet of LNG carrriers among the international oil companies

 – Runs LNG Trains in Trinidad and Egypt, through Atlantic LNG and Egyptian LNG respectively

In addition BG Group intends to pioneer the development of the unconventional gas considering the global resources in place to be around 33,000 trillion cubic feet (tfc).

In 2008, BG Group acquired QGC in Australia to develop Queensland coal seam gas resources and prepare ground for the Queensland Curtis LNG project, the world largest coal seam gas LNG project in the world.

BG Group Key Figures

 – 2011 Revenues: $21,1 billion

 – 2010 Revenues: $17,3 billion

 – 2011 Earnings: $8,2 billion

 – 2010 Earnings: $6,9 billion

 – 2011 Capital Expenditure: $10,6 billion

 – 2010 Capital Expenditure: $9,2 billion

BG Group Projects and Business Highlights

Since 2011, BG Group engages the largest program of capital expenditure of its history with more than $100 billion per year.

The investment are mostly to develop major projects in Australia, Brazil, the UK and the USA.

According to the International Energy Agency (IEA) in Paris, France, representing the consuming countries, the natural gas demand should continue to grow by 1.5% per year until 2030.

Within this picture, China and India should absorb 45% of the global demand while then USA should become net exporter of natural gas as a result of their shale gas development.

BG Group sees this unbalance as the best opportunity for growth through their performing Global Energy Marketing and Shipping business unit.

On the Exploration and production side, BG Group will continue to focus on:

 – Australia with the development of the Queensland Curtis LNG project to be expanded at the signature of any new contract with North Asia countries 

 – Brazil together with Petrobras where 13 FPSOs are to come on stream in 2017 in the pre-salt offshore fields

 – East coast of Africa, in very promissing Rovuma Basin in Tanzania and Kenya where the BG Group continue to perform appraisal wells and plan LNG plant

 – Norway and UK Continental Shelves.

These last months BG Group operations were affected by Total Elgin-Franklin shut down and some delays on the installation of the ConocoPhillips Jamine project, but the gap in the natural gas market prices between and the successful exploration in Brazil and East Africa provide BG Group with sustainable reservoirs for profitable growth. 

For more information and data about oil and gas and petrochemical projects go to Project Smart Explorer

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