Loan to JERA to Support LNG Imports
Supporting Japanese Energy Company for Stable Procurement of LNG
- Region: Others
- Energy and Natural Resources
- Import Loans
The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed today a loan agreement amounting to JPY130 billion with JERA Co., Inc. (JERA). The loan is co-financed with private financial institutions.
The loan is to finance JERA’s importing of liquefied natural gas (LNG). As resource prices continue to rise and a stable supply of electricity is recognized as an urgent issue for the lives of the Japanese people and national economic activities, it has become more important than ever to ensure stable procurement of LNG to be used as fuel for gas-fired power generation.
Financing JERA with this loan is intended to support a stable supply of electricity by securing a stable supply of energy to Japan.
As Japan’s policy-based financial institution, JBIC will continue to actively support Japanese companies in their efforts to secure stable access to strategically important resources, thereby contributing toward Japan's energy security.