READING (dpa-AFX) - BG Group Plc (BG.L, BRGYY.PK) Thursday will present its Annual Strategy update, reaffirming that the outlook for global gas and LNG demand is strong.
Sir Frank Chapman, Chief Executive of the company said, 'The outlook for global gas and LNG demand is strong. BG Group is well set to capitalise on these opportunities and is making good progress with delivering its plans.'
Talking about the outlook on expectations, Sir Chapman added, 'in 2012, our base assets will continue to make a material contribution bolstered by new production due onstream in Bolivia, Egypt, Norway, Thailand and the UK. In terms of production for this year, we start the year with a production run rate of some 650,000 boe per day and we expect to exit the year with a rate of some 750 000. Key factors will be improved production from the UK, alongside six new projects coming onstream progressively through the year.'
Copyright RTT News/dpa-AFX
