Kazakhstan buys stake in BG Group PSA

Natural gas giant BG Group has, alongside the other contracting companies in the giant Karachaganak gas-condensate field in north-west Kazakhstan, completed an agreement with the Republic of Kazakhstan, over the acquistion of a 10 per cent interest in the Karachaganak Final Production Sharing Agreement (FPSA).

Natural gas giant BG Group has, alongside the other contracting companies in the giant Karachaganak gas-condensate field in north-west Kazakhstan, completed an agreement with the Republic of Kazakhstan, over the acquistion of a 10 per cent interest in the Karachaganak Final Production Sharing Agreement (FPSA).

The Republic will pay a $2.0bn cash and $10bn non-cash consideration for the stake in the FPSA, including the final settlement of all cost recovery claims.

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