Project Financing for Procurement of LNG Tanker
Supporting Long Term and Stable Supplies of LNG to Japan

  • Area: Oceania
  • Marine and Aerospace
  • Energy and Natural Resources

JBIC signed a loan agreement with Bahamas LNG Shipping Ltd., a wholly-owned subsidiary of Nippon Yusen Kabushiki Kaisha in Bahamas, for procurement of a new LNG tanker, to be used for The Tokyo Electric Power Company to import LNG produced in PNG LNG Project in Papua New Guinea. Given the fact that natural gas has been playing an increasingly important role as fuel for generating electricity, this loan contributes to securing a long-term supply of natural gas to Japan by utilizing the know-how of a Japanese shipping company.

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