BG Group reported a US$500 million credit agreement with Export Development Canada (EDC).

The agreement has an initial term of four years with the option to extend for an additional 12 months.

The agreement with EDC will build upon BG Group's existing relationships with Canadian service providers and will encourage BG Group to examine other potential procurement opportunities for Canadian goods and services across the Group's global portfolio.

BG Group Chief Financial Officer, Fabio Barbosa said: "We are pleased to have secured this US$500 million credit facility with EDC and we look forward to developing our relationship with them.

Tags: BG Group