8 May 2024
APLNG project secures $2.95 billion loan
Publication date: 10 May 2012
Gas Strategies Group
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US export credit agency Export-Import Bank (Ex-Im Bank) on Thursday said it had authorised a $2.95 billion loan to the Australia Pacific LNG (APLNG) project on Curtis Island, Queensland. The reason for the loan is to support project partners ConocoPhillips and Origin Energy in a potential $6 billion expansion of the APLNG plant and reduce the need to raise equity.