NEWS ARCHIVE

BG gets $US1.8 billion US loan for Curtis LNG

BG GROUP has secured a $US1.8 ($A1.73) billion loan from the Export-Import Bank of the US for its...

This article is 12 years old. Images might not display.

The loan, which marks further diversification in BG's funding, is designed to support the export of US services and equipment to Curtis.

The US Ex-Im loan is the latest source of funding secured via BG's active treasury program, which helps underpin the delivery of its key growth projects.

BG agreed to a $3 billion syndicated facility last month, taking the total of undrawn, committed bank-borrowing facilities to $US5.2 billion. In September, it reached an agreement with Japan Bank of International Cooperation aimed at supporting the long-term supply of LNG to Japan.

In addition, since October 2011, $US7.7 billion has been raised from capital markets, including the successful issuance of $US2.1 billion in hybrid bonds.

BG has also reached an initial agreement with the Brazilian Development Bank for up to $US1.8 billion of funding and signed a $US500 million credit agreement with Export Development Canada.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

Future of Energy Report: Nuclear Power in Australia 2024

Energy News Bulletin’s new report examines what the energy and resources industry thinks of the idea of a nuclear-powered Australia.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.