JBIC concluded two loan agreements in project financing with Singaporean entities DIAMOND LNG SHIPPING 1 PTE. LTD. (DLS1) and DIAMOND LNG SHIPPING 2 PTE. LTD. (DLS2) funded 50% by Mitsubishi Corporation (MC) and 50% by Nippon Yusen Kabushiki Kaisha (NYK LINE). These loans are intended to finance the procurement by DLS1 and DLS2 of LNG tankers to be used mainly for transporting LNG produced by the Cameron LNG project located in the U.S. in which MC, NYK LINE, and other Japanese companies participate. These loans will contribute to securing for Japan a long-term and stable supply of LNG that has become increasingly important in recent years as fuel for power generation, while utilizing the Japanese shipping companies' wide experience in the area of LNG shipping business.
As Japan's policy-based financial institution, JBIC will continue to financially support the promotion of acquisition and development of energy resources by Japanese companies, by drawing on its various financial facilities and schemes for structuring projects, and performing its risk-assuming function.