Thursday, May 24

Origin's LNG project secures $A8.7bn loan

The Australia Pacific LNG joint venture has secured $US8.5 billion ($A8.71 billion) in funding for its massive liquefied natural gas (LNG) project in Queensland.

Australia Pacific LNG (APLNG) is made up of Origin Energy, US giant ConocoPhillips and China Petrochemical Corp (Sinopec).

On Thursday, it said a finance facility had been secured with the Export-Import Bank of the United States, The Export-Import Bank of China, and a syndicate of Australian and international commercial banks.

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SMH

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