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.
Welcome to the Exporting Source
Your one-stop resource for finding help to export to new customers, to learn about government export programs, to join export-promoting trade missions, to sign up for trade conferences and training, and to link to other exporting services. Whether you're an old hand at exporting or just getting started, the Exporting Source provides a place to locate foreign customers, export financing and foreign investment assistance.