Energy and Natural Resources Financing for a Shale Gas Project
Supporting the Acquisition of Interests and Development of Shale Gas by Japanese Companies

  • Area: North America
  • Energy and Natural Resources

JBIC signed a loan agreement in Canadian dollars with Cordova Gas Resources Ltd., a Canadian subsidiary of Mitsubishi Corporation; Tokyo Gas Co., Ltd.; Chubu Electric Power Co., Inc.; and Osaka Gas Co., Ltd.,to finance CGR’s acquisition of a 50% interest in the Cordova Embayment, British Columbia, Canada and for the development of shale gas fields. This loan will support the development of shale gas, which has been expected to become a new source of natural gas in recent years, thereby contributing to securing energy resources and their stable supply to Japan.

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