BG Says Tunisia More Reliable Than Egypt to Gas Producers

Tunisia is proving a more reliable place to produce natural gas than Egypt as the smallest nation on the North African coast pays its fuel bills on time, a BG Group Plc executive said.

“The ability for Tunisia to continue to honor its contracts and to continue to pay for its energy supplies is fundamental for BG’s continued appetite,” Michael Rees, BG president in Tunisia, said in an interview yesterday in Tunis. “Unlike Egypt, where there are lots of challenges in terms of payments and in terms of renegotiation of contracts, this stability is needed because it’s a tough place geologically to invest.”