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>

<< Apr 2015 >>
MTWTFSS
30 31 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 1 2 3

China LNG International Summit 2015

CWC Group and IPCE are delighted to announce the inaugural China LNG International Summit…

read more >

Fundamentals of LNG

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

read more >

FLNG Fundamentals, Design & Technology 2015

A comprehensive all-in-one course addressing technical, commercial & operational aspects in establishing an FLNG facility, with a focus on…

read more >

LNG Pricing, Trading & Risk Management: 2-Day Training Program

This course will provide you with a solid, working knowledge of how to: 1) Build LNG price curves; 2) Price and structure long-term LNG…

read more >