BG Group agrees to sell an additional 40% interest in the first production train of its...

|By:, SA News Editor

BG Group agrees to sell an additional 40% interest in the first production train of its Queensland liquefied natural gas project to Cnooc (CEO) for $1.93B, giving the Chinese company a half-share in the facility. But BG shares -15% in London trading after saying 2012 production growth would be just 3% and its output wouldn't grow as expected in 2013.