bg increasing capex in au

Take from it what you will:

Capital expenditure programme

* Capital expenditure over the three years to 2012 will average $8 billion per annum.
* The ?4 billion ($6 billion) p.a. average capex announced in February 2009 equates to $7 billion when adjusted for BG Group?s new exchange rate and reference price conditions.
* In addition, capital committed to the EXCO alliance plus increased spending in Australia is offset by reduced spending in Kazakhstan, taking the total per annum to $8 billion.