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 2017 >>
MTWTFSS
26 27 28 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 3 4 5 6

International Gas Cooperation Summit (IGCS)

The International Gas Cooperation Summit (IGCS) is a platform for South Africa’s aspirations to build an energy hub for gas cooperation…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events…

read more >

03rd OIL & GAS TANZANIA 2017

After a successful Oil & Gas Exhibition in 2016, Expogroup is all set for the 6th OIL & GAS AFRICA 2017…

read more >

LNGgc London

Attend LNGgc London this year, the flagship event of the international LNGgc series.

read more >