AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
Financial assistance in foreign market
The overseas investment loan agreement between JBIC and the Japanese company INPEX CORPORATION has a maximum value of USD 180 million.
The loan finances INPEX Gas British Columbia Ltd. acquisition of 40% interest in the shale gas projects in the Horn River, Cordova and Liard basins located in British Columbia, Canada from Canadian NEXEN inc. INPEX Gas British Columbia Ltd. is jointly owned by the Japanese companies INPEX and JGC Corporation.
In this context, the Bank stated: "JBIC will continue to actively support Japanese businesses that promote the acquisition of interests and development of energy resources such as natural gas by drawing on its various financial facilities and schemes for structuring projects, and by performing its risk-assuming function."
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.
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