APLNG secures US$8.5bn

Origin Energy has announced US$8.5bn in project finance for it’s QLD based Australia Pacific LNG project. The project finance will come from a combination of import-export credit agencies (namely US EXIM & China EXIM) and a number of commercial banks, who have signed definitive 16 & 17 year finance terms respectively. The finance provides funding for the downstream elements of the project, including the liquefaction facilities on Curtis island near Gladstone.

Commercial leaders from the LNG industry will be converging on the LNG Outlook 2012 conference in November in Perth to discuss current projects and investment strategies.