Oil and gas business model is ‘unsustainable’ – BG head
27 October 2015
BG Group Chief Executive Helge Lund: the oil price crash has ‘prompted us to confront the brutal facts’. (BG Group)
The global oil and gas industry’s business model is "unsustainable" and needs to be changed to provide the affordable energy the world needs, BG Group’s Chief Executive Helge Lund said in Singapore on Tuesday.
"To attract the capital we need to develop our companies and provide the affordable energy the world needs, we have to deliver a more competitive return," Lund said in a keynote address at Gastech 2015.
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