Business Performance EPS up 22% to 35.5 cents; Total EPS up 64% to 40.1 cents
Interim dividend increased 10% to 14.38 cents per share (8.47 pence per share)
E&P production down 10% at 591 kboed; primarily declines in Egypt and the USA
LNG segment operating profit up 44%; additional cargo deliveries and favourable realised prices
Excellent flow rates in Brazil; FPSO 2 at plateau; gross production around 300 kboed in July
QCLNG remains on track; commissioning of the gas turbine generators underway
CATS infrastructure asset sale for up to $961 million completed in July
BG Group's interim Executive Chairman, Andrew Gould said:
"We have delivered a good set of results for the second quarter. E&P performance reflects the growing proportion of oil in the portfolio, principally from Brazil, and the deferral of maintenance shutdown activity in the UK to later in the year. LNG performance reflects additional cargo deliveries and favourable realised prices. There is no change to our full year E&P production volume and LNG operating profit guidance, with lower E&P volumes and fewer LNG cargoes expected in the second half of 2014.
"We also continued to deliver important milestones for our key growth projects. In Brazil, new wells were connected with flow rates exceeding expectations. In Australia, commissioning of the gas turbine generators at the QCLNG liquefaction plant has begun and, subject to the current risk of industrial action
on Curtis Island, we remain on track for first LNG by the end of the year."
