U.S. loan to support Australian LNG project

· 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, the bank approved a $2.95 billion direct loan to support the export of U.S. goods for the Australia Pacific LNG project and a $281 direct loan to Jabiru Satellite Ltd. in Southbank, Australia, for the purchase of satellite and ground equipment from Lockheed Martin Space Systems Co.

Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.