BG to Spend $1B on Egypt Gas, Grow Domestic Supply

BG Group PLC (BG.LN) will invest $1 billion in upstream projects in Egypt to help meet surging domestic gas demand in the Arab world’s most populace state, a company executive told Dow Jones Newswires Sunday.

The investments will focus on producing more gas from West Delta Deep and the Rosetta concessions in Egypt’s Nile Delta, said Ian Hewitt, President of BG Egypt.