The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed on March 28 a loan agreement amounting to up to USD390 million (JBIC portion) with Singapore headquartered Trafigura Pte Ltd (Trafigura). The loan is co-financed with Sumitomo Mitsui Banking Corporation, bringing the total co-financing amount to approximately USD560 million.
Trafigura is a major supplier of resources including liquefied natural gas (LNG) as a market leader in the global commodities industry. The loan is intended to provide the funds required for a Japanese utility company to import LNG from Trafigura.
Amid the growing global demand for LNG and the increasing uncertainty over resource prices, the loan, which supports the Japanese utility company in procuring term LNG through Trafigura, will contribute toward securing a stable supply of LNG, which is an important energy resource for Japan.
As Japan’s policy-based financial institution, JBIC will continue to provide financial support to help secure a stable supply of important resources for Japan by drawing on its various financial facilities and schemes for structuring projects and by performing its risk-assuming function.
