Energy and Natural Resource Financing for Acquisition of Interest in the LNG Project
Supporting Japanese Electric Company’s Participation in the LNG Project

  • Area: Oceania
  • Energy and Natural Resources

JBIC signed a loan agreement with Kyushu Electric Wheatstone Pty Ltd., an Australian subsidiary of Kyushu Electric Power Co., Inc. (Kyushu Electric). It intends to support the acquisition of partial interest in the upstream LNG reserves (development of gas fields) and liquefaction facilities related to natural gas and LNG produced in Wheatstone Iago Field and nearby fields located northwest off Western Australia, to Ashburton North, Western Australia. Kyushu Electric Power plans to import annually 830,000 tons of LNG from this project.

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