The British player revealed on Monday that diversions of LNG supplies to the Egyptian market in the latest quarter were higher than expected and are currently running at around 1 billion cubic feet of gas per day.
“As a result, BG Group has been unable to meet in full its obligations to deliver gas to Egyptian LNG and given the current levels of domestic diversions and the continued uncertainty around the level of future diversions, BG Group has served force majeure notices under its LNG agreements to buyers and lenders,” it said in a statement.
Political
