Loan for Acquisition of Interests in and Development of Shale Gas
Supporting Japanese Acquisition of Interests in and Development of Shale Gas
- Area: North America
- Energy and Natural Resources
JBIC signed a loan agreement with INPEX CORPORATION (INPEX). This loan will provide the necessary funds to INPEX to enable the Canadian company jointly established by INPEX and JGC CORPORATION to acquire a part interest in Canadian shale gas fields held by the Canadian oil and natural gas development company NEXEN Inc., and develop and produce shale gas. This loan will help to improve Japanese know-how on shale gas development and raise the ratio of Japan's independently developed energy resources.