Heaping pressure on BG’s new management team — led by chief executive Chris Finlayson — shares in the UK-based player plummeted 15% to as low as 1082 pence in the middle of the week, after the surprise announcement.
BG has issued force majeure on its liquefied natural gas export obligations from Egypt, after agreements covering pooling arrangements for BG’s share of output were not honoured amid high levels of gas being diverted to the domestic market.
The
