BG Group PLC (BG.LN) has received a $350 million payment following the commitment from the Egyptian government to repay outstanding debts to the energy industry, the natural gas producer said Monday. BG said this reduces the company’s domestic receivables balance in Egypt to around $1.2 billion. “While the group has been impacted by the reduction of LNG exports from Egypt, the company continues to investigate options for increasing the supply of gas and is working with the government on resolving the outstanding receivable balance,” the company added. BG Group operates in Egypt through its wholly owned subsidiary BG Egypt. -Write to Razak Musah Baba at [email protected]; Twitter: @Raztweet