BG

BG Group Plc is an energy production and distribution company which is headquartered in Reading outside London, England. The company was created in 1997 when British Gas plc demerged Centrica plc and became BG plc, which was reorganised in 1999 as BG Group plc. BG Group has use of the trading name "British Gas" outside the United Kingdom, Centrica owns the rights to use it within the UK.

History
In 2000 a further demerger separated the company into Lattice Group plc and BG Group. Lattice took ownership of Transco (the gas transporter for the UK), Advantica (Gas Software specialist) along with the property and transport companies and BG Group took ownership of gas fields and other assets.

In 2002 Lattice merged with National Grid to become National Grid Transco.

Activities
BG Group's main business is exploration for and the extraction of natural gas, liquefied natural gas and to a lesser extent oil. It sells these products to wholesale customers such as retail gas suppliers and electricity generating companies. It also owns some gas pipelines and is involved in some power generation projects. It is active around the world, with only a minority of its business being in the UK. In 2003 46% of its revenue came from the Americas, 37% from Europe including the UK, and 17% from the rest of the world. In the year ended 31 December 2004 it made a profit after tax of £904 million on turnover of £4.082 billion. As of 20 April 2005 its market capitalisation was £14.5 billion

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