IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 19 Dec 2014 | Removal date: open ended
Still in force

Financial assistance in foreign market

On 19 December 2014 the Japan Bank for International Cooperation (JBIC) signed a USD 249 million overseas investment loan agreement with Australian Kansai Electric Power Ichthys E&P Pty Ltd., a subsidiary of Japanese The Kansai Electric Power Company, Inc. The loan finances the company's purchase and development of an Australian natural gas and condensate field as well as the associated liquefaction facilities.
This acquisition is part of a larger LNG project between Japanese and foreign players' development of the Ichthys Gas and Condensate Field in Australia.
In this context the Bank stated: 'Thus, this loan is expected to contribute to the energy security of Japan through supporting the securing of interests in energy resources by Japanese companies. '
 
Overseas investment loans
JBIC provides direct loans named overseas investment loans to Japanese companies, overseas affiliates or joint ventures where Japanese companies hold equity interests and governments or financial institutions partying with such overseas affiliates. Loans support projects in specific sectors or with a specific purpose of interest to Japan. Further information can be found on the Bank's website under overseas investment loans.
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

120 Crude petroleum & natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271111 Natural gas
334 Petroleum gases & other gaseous hydrocarbons, except natural gas
2711 Petroleum gases and other gaseous hydrocarbons.
271112 Propane
271113 Butanes
271114 Ethylene, propylene, butylene and butadiene
271119 Other

Please report this page in case you detect an inaccuracy in its content.