1st Time Operator snags Biggest ever International Project Finaning

INPEX of Japan said that the INPEX-led Ichthys LNG Project has finalized arrangements for US$20 billion in project finance loans including those with eight export credit agencies (ECAs) and 24 commercial banks (Lenders).?

The Ichthys project financing is the biggest project financing ever arranged in the international financial market.

The project finance credit facilities are comprised of direct loans from ECAs, ECA insured or guaranteed commercial loans, commercial loans from 24? commercial? banks? and senior sponsor loans from the Ichthys LNG Project participants. Direct loans from ECAs include?? US$5 billion direct loans from Japan Bank for International Cooperation (JBIC) and US$2.75?? billion loans insured by Nippon Export and Investment Insurance (NEXI).

Each of? INPEX and? the other Ichthys LNG? Project participants will severally guarantee Lenders the repayment of the loans by Ichthys LNG Pty Ltd during the construction phase. Japan Oil, Gas and Metals National Corporation (JOGMEC) will undertake a part of INPEX?s liability with respect to its portion of such guarantee, where JOGMEC?s liability is limited to US$2 billion.

The Ichthys LNG Project?is the first case where the Japanese company is leading such a world-scale LNG project as an operator.?The finalization of the? project financing arrangements is a major milestone in ensuring the successful development of the promising? Ichthys LNG Project that will? contribute? not only to a long-term stable supply of cleaner energy to Japan but also to a diversification of Japan?s energy sources.

The participants in the Ichthys LNG Project appreciate the continued support from financial?? institutions,? the local communities, the governments of Australia, Western Australia and?? Northern Territory, as well as support from other stakeholders for timely delivery of the Ichthys LNG Project.

Source: http://shareholdersunite.com/mybb/showthread.php?tid=2384

comedy central philadelphia eagles obamacare Todd Akin Register To Vote Fox News Live Obama 2016