https://www.engineeringnews.co.za

APLNG passes lender's test

24th August 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – The remaining $3.4-billion shareholder guarantees over the Australia Pacific liquefied natural gas (APLGN) project’s $8.5-billion project finance have been released after the project met all of the lender’s completion tests, ASX-listed Origin Energy reported.

In 2012, APLNG secured the project finance facility with US EXIM, China EXIM and a consortium of Australian and international banks to fund the downstream component of the project, including the construction of the Curtis Island LNG facility.

The $24.7-billion APLNG project shipped its first LNG cargo in January this year, with some 8.6-million tonnes a year of LNG production from APLNG committed under long-term take-or-pay contracts with Sinopec in China, and Kansai in Japan.

The project comprises two processing trains, each with a 4.5-million-tonne-a-year nameplate production capacity.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Schauenburg SmartMine IoT
Schauenburg SmartMine IoT

SmartMine IoT has been developed with the mining industry in mind, to provides our customers with powerful business intelligence and data modelling...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.101 0.155s - 156pq - 2rq
Subscribe Now