Project Financing for the Purchase of an LNG Tanker
Supporting efforts to reinforce the value chain in order to secure a stable, long-term supply of LNG

  • Area: Oceania
  • Marine and Aerospace
  • Energy and Natural Resources
  • [Project Finance]

Image courtesy of INPEX CORPORATION
JBIC concluded a project finance loan agreement with Panama-based Oceanic Breeze LNG Transport S.A. (OBLT), in which Kawasaki Kisen Kaisha, Ltd. and INPEX SHIPPING CO., LTD., a wholly-owned subsidiary of INPEX CORPORATION (INPEX), have stakes. The funds will finance the OBLT's purchase of an LNG tanker, which is expected to be mainly used to transport LNG produced by the Ichthys LNG Project,*1 operated by INPEX in Australia. This agreement supports efforts by Japanese companies to reinforce the energy value-chain from LNG project planning to transportation, and helps secure a stable supply of natural gas using the know-how of Japanese shipping companies.
Note
  1. *1The Ichthys LNG Project is a project to develop the Ichthys Gas-condensate Field off the coast of Western Australia and produce and sell LNG and other products. Since 2012, JBIC has concluded various loan agreements related to the Ichthys LNG Project, including ones with Australia-based Ichthys LNG Pty Ltd; Tokyo Gas Co., Ltd.; Australia-based Osaka Gas Ichthys Pty Ltd, a wholly owned subsidiary of Osaka Gas Co., Ltd.; Chubu Electric Power Co., Inc.; and Australia-based Kansai Electric Power Ichthys E&P Pty Ltd, a subsidiary of the Kansai Electric Power Company, Incorporated.
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