BG Group’s first quarter profits took a hit on its Egyptian operations, as the company failed to export a single cargo of liquefied natural gas (LNG) from Egypt.
Profits at the UK-based gas producer fell to $2.01bn, down 6% on the previous quarter. Profits at the LNG division fell by 7% to $1.325bn, while global production also declined, falling by 4% to 633,000 boe/d. (CONTINUED - 385 WORDS)
