China EXIM Finalises APLNG Finance Documentation

Australia Pacific LNG today announced that the Export-Import Bank of China (China EXIM) has signed final definitive project finance documentation as part of the previously announced US$8.5 billion project finance facility.

The project finance facility provides funding for the downstream parts of the project, including the liquefaction facilities on Curtis Island near Gladstone in Queensland, and will underpin the development of Australia Pacific LNG’s CSG to LNG project.

The facility is subject to a final investment decision (FID) being taken on the second phase of the Australia Pacific LNG project.

China EXIM has signed definitive project finance documentation with Australia Pacific LNG for US$2.759 billion for a 16 year term.

[mappress]

LNG World News Staff, June 8, 2012