APLNG Completes 16-Year Loan (Australia)

APLNG Completes 16-Year Loan

Australia Pacific LNG has completed a $2.5 billion, 16-year project finance loan with nine banks, Bloomberg reported, citing unnamed source.

Proceeds will be used for the project and the loan pays a margin of between 200 to 300 basis points more than the London interbank offered rate, increasing to more than 300 basis points once the field is in the post-construction phase, Bloomberg reported.

APLNG is a joint venture between three industry leaders in the fields of coal seam gas and liquefied natural gas production – Origin (42.5%), ConocoPhillips (42.5%)  and Sinopec (15%).

LNG World News Staff, February 24, 2012; Image: APLNG

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 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 31 1

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >