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Egypt Agrees to Raise Gas Price, Boosting BG Revenue

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Egypt agreed to increase the price of natural gas sold domestically, boosting producers' revenue and investment in the country, said BG Group Plc Chief Executive Officer Frank Chapman.

``We are able to say that at last our proposals have been agreed by the People's Assembly in Egypt,'' Chapman said today on a conference call. ``Domestic gas pricing will change and this represents good value for BG.''