U.S. loan to support Australian LNG project

Regulatory/Trade

Monday, December 31, 2012

The U.S. Export-Import Bank will finance a $1.8 billion direct loan to BG Energy Holdings Ltd. to support U.S. exports for a natural gas liquefaction (LNG) project in Queensland, Australia. This is the bank’s second LNG project in Australia, and it will support an estimated 9,200 American jobs. Ex-Im Bank’s financing will cover about $1.8 billion in goods and services related to the construction of the Queensland Curtis LNG Plant Trains. Earlier this year...

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