Loan for CBM Gas Field Development in an LNG Project
Supporting Japanese companies' participation in a CBM gas field development project

  • Area: Oceania
  • Energy and Natural Resources

JBIC signed a loan agreement with Toyota Tsusho Corporation (Toyota Tsusho) to finance Toyota Tsusho's acquisition of a partial interest in a coal-bed methane (CBM) gas field in Queensland, Australia through its wholly owned Australian subsidiary, and also the company's development of the gas field together with the U.K. company BG Group plc (BG), Tokyo Gas Co., Ltd., and others. CBM from the gas field will be used as feed gas for the Queensland Curtis LNG Project promoted by BG etc. The CBM development knowledge and experience acquired through this loan will serve to expand the opportunities for Japanese companies to participate in CBM projects, and contribute to increasing their in-house development ratio and also diversifying non-conventional energy sources.

Back to Top