JBIC provides another $680mn loan to Jera for LNG purchases
The Japan Bank for International Cooperation (JBIC) on October 31 signed an agreement to provide a fresh loan of 100bn yen ($680mn) to Jera for LNG purchases. This loan will be co-financed with private financial institutions.
JBIC had last month agreed to provide a 130bn yen loan to Jera for LNG purchases.
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“Resource prices continue to rise, and a stable supply of electricity is recognised as an urgent issue for Japanese people's lives and economic activities. It's becoming more and more important,” JBIC said. “This project will ensure a stable supply of energy to Japan through LNG import assistance to Jera, which will lead to a stable supply of electricity.”
Japan is one of the biggest LNG importers in the world.