JBIC Provides Loan to JX for PNG LNG Project

JBIC Provides Loan to JX for PNG LNG Project

The Japan Bank for International Cooperation (JBIC) said today it has signed a $263 million loan agreement with Nippon Oil Exploration (PNG) Pty Ltd., an subsidiary of JX Nippon Oil and Gas Exploration Corp., for the PNG LNG Project in Papua New Guinea.

The loan will be provided jointly with the Bank of Tokyo-Mitsubishi UFJ, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp.

The PNG LNG Project participating parties include Exxon Mobil Corporation, Nippon Oil Exploration Limited, Oil Search Limited in PNG, Santos Limited in Australia and the PNG Government.

It plans to produce 6.6 million tons of LNG per year, as well as crude oil by developing oil and gas fields in the upstream, laying pipelines and constructing LNG liquefaction facilities.

About one half of the LNG produced in the Project is expected to be supplied to Japan.

LNG World News Staff, December 9, 2011; Image: Santos

Share this article

Follow LNG World News

2 thoughts on “JBIC Provides Loan to JX for PNG LNG Project”

  1. Pingback: 8 Loan Png Sites

Comments are closed.

Events>

<< Jul 2015 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Gas Mexico Congress & Exhibition

Gas Mexico Congress & Exhibition connects the natural gas community across the Americas by providing a forum at which business and technical…

read more >

Fundamentals of LNG

Operational and commercial essentials of the Liquefied Natural Gas sector from IBC Academy…

read more >

Fundamentals of Gas and LNG Contracts and Pricing

Fundamentals of Gas and LNG Contracts and Pricing – a professional development course by part-time study…

read more >

Gas & LNG Contracts & Negotiations

This intensive course will fully prepare you to negotiate the best deal by understanding the complex processes and terms involved in Gas and LNG Contracts.

read more >