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JBIC supplements PNG LNG cost overrun
12 December 2011
Japanese commercial banks and export credit agency JBIC have issued a loan to Nippon Oil Exploration to supplement cost overrun on the PNG LNG project.
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export credit agency
eca
JBIC
Nippon Oil Exploration
. PNG LNG
cost overrun
Oil Search
BTMU
SMBC
The Japan Bank of International Cooperation (JBIC) and Japanese commercial banks have signed a $263 million loan to meet the cost overrun on the Papua New Guinea LNG (PNG LNG) project.
Project sponsors announced earlier this month that capital costs were likely to increase from $15 billion to $15.7 billion because...
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