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BG Group

United Kingdom

 

 

Date: May 2003 – Stalled in 2005

Deal: According to an industry publication, in March 2003, BG Group submitted a bid to export 2.5 million tons of liquefied natural gas (LNG) per year from Iran to India (InfoProd, March 11, 2003). A BG spokesperson stated to AFX European Focus, "We're looking at various options on how we can be involved in the (Iranian LNG) industry. There's still a lot of details to be worked out between BG and NIOC" (AFX European Focus, March 21, 2003).

The publication further noted that BG reportedly opened a small office in Tehran in 1998 (AFX European Focus, March 21, 2003).

Asia Times reported that according to a company spokesperson, in May 2003 the company signed a framework agreement with NIOC to jointly build an LNG plant at the Persian Gulf port of Bandar Tombak (Asia Times, May 24, 2003).

Two years later, World Markets Analysis reported that talks between Iran and BG Group had stalled, as BG was reportedly interested in taking a 40-50 percent stake in the project, a move NIOC believed to be unacceptable (World Markets Analysis, May 31, 2005). As of early 2010, BG Group no longer lists an office in Tehran on its website, and it appears that talks between it and NIOC remain stalled.

U.S. Business Ties: According to its website, BG Group has both offices and operations in the United States. In 2001, the company signed a 22-year contract to use the LNG import facility at Lake Charles, Louisiana (BG Group website, accessed June 22, 2010).

While BG Group maintains a number of operations in the United States, according to USASpending.gov, it has not received any federal government contracts or grants in the last 10 years (USASpending.gov, accessed June 22, 2010).

Last Updated: July 7, 2014