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: 24 Feb 2011 | Removal date: open ended
Still in force

Financial assistance in foreign market

On 24 February 2011, the Japan Bank for International Cooperation (JBIC) signed an overseas investment loan agreement totalling USD 102 million with Australian Tokyo Gas Gorgon Pty Ltd. The company is a subsidiary owned by Japanese Tokyo Gas Co., Ltd.
The loan finances the subsidiary's purchase of 1% interest of the Australian LNG project from Chevron Corporation. The project will develop a number of large-scale gas fields in Australia and transport the gas to a liquefaction plant, which is yet to be constructed. Chevron Corporation is one out of a total of six parties participating in this project.
In this context the Bank stated: 'This loan will support Japanese gas utility's participation in this energy resource development project in Australia...'
 
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

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

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