Project Financing for Shipping Business of LNG Tankers for Freeport LNG Project
Support for strengthening LNG value chain to ensure long-term and stable LNG supplies

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

JBIC concluded two loan agreements in project financing with a special purpose company (SPC) funded 50% by CHUBU Electric Power Co., Inc. (Chubu Electric) and 50% by Nippon Yusen Kabushiki Kaisha (NYK LINE) together with two loan agreements with an SPC funded 50% by Chubu Electric and 50% by Mitsui O.S.K. Lines, Ltd.*1 These loans are intended to finance the shipping business of liquefied natural gas (LNG) tankers by both SPC. These LNG tankers are scheduled to be used mainly for transporting LNG produced by the U.S. Freeport LNG Project in which Chubu Electric*1 participates. These loans support the efforts of Japanese companies to strengthen their energy value-chains, from participating in LNG projects through transporting LNG.
Note
  1. *1JERA Co., Inc., funded 50% by Chubu Electric and 50% by TEPCO Fuel & Power, Incorporated has succeeded participation rights for the U.S. Freeport LNG project and shares in each SPC held by Chubu Electric.
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