UPDATE 1-BG profits slip on weak prices before takeover by Shell

viernes 5 de febrero de 2016 05:37 GYT

* BG beats 2015 production target thanks to Brazil, Australia

* LNG deliveries up 63 pct in 2015

* Cargoes to Asia rise 72 pct (Updates throughout)

By Karolin Schaps

LONDON, Feb 5 (Reuters) - Britain's BG Group, in its last results update before its takeover by Shell, reported a 22 percent fall in fourth quarter core earnings to $1.43 billion on Friday as low energy prices ate into profits.

The large gas producer, set to become part of Shell on Feb. 15, took a hit in its oil and gas production and liquefied natural gas (LNG) segments from another roughly 20 percent fall in oil prices in the quarter.

A surge in production in Australia and Brazil, key growth areas that Shell has singled out to justify its takeover, helped BG beat its own yearly output target to 704,000 barrels of oil equivalent per day.

Shares in BG were trading up 1.1 percent at 0909 GMT.

BG's prized LNG unit also delivered 63 percent more volumes in 2015 mainly thanks to the smooth ramp-up of its Queensland Curtis LNG export project.   Continuación...