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26

BG Group To Sell Coal Gas Stake

BG Group Plc could be forced to sell out of coal seam gas tenements held with Queensland Gas company Ltd

BG Group Plc could be forced to sell out of coal seam gas tenements held with Queensland Gas company Ltd to appease the competition watchdog, analysts say.

BG Group currently is involved in a takeover bid for Origin Energy Ltd.

The UK's third largest natural gas producer picked up a 20 per cent interest in QGC's coal seam gas acreage after signing a deal with the company to develop a liquefied natural gas (LNG) plant in Queensland.

Credit Suisse said the Australian Competition and Consumer Commission (ACCC) may have a raft of concerns about the takeover including BG Group and QGC jointly marketing gas domestically.
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