BG bloodbath

SHARES in Queensland Curtis LNG project operator BG Group have plunged more than 15% after it declared force majeure in Egypt and flagged $US2.4 billion ($A2.74 billion) of Egypt and US-related post tax asset impairments.

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"Despite the good progress we have made in 2013, we face short-term issues which are reflected in our revised 2014 guidance," BG CEO Chris Finlayson said in an announcement yesterday.

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