Ex-Im Bank Provides $1.8 Billion in Export Financing for Natural Gas Project in Australia
December 28, 2012
(Ex-Im Bank)
Bank’s financing will sustain more than 9,000 American jobs
Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) will
finance a $1.8 billion direct loan to BG Energy Holdings Ltd. (BG) 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.
“This natural gas project will support thousands of U.S. jobs, and demonstrates
one of the many exporting opportunities throughout Australia,” said Ex-Im Bank
Chairman and President Fred P. Hochberg. “American-made products offer a quality
and consistency that is respected around the world, and that’s why businesses
want ‘Made in the USA’ labels on their shelves.”
Ex-Im Bank’s financing will cover approximately $1.8 billion in goods and
services related to the construction of the Queensland Curtis LNG Plant Trains.
Earlier this year, Ex-Im 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.
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