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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