BG hooks up with Japanese state-owned bank

Utility company BG Group had signed an agreement with the Japan Bank for International Cooperation (JBIC) aimed at supporting the long-term supply of liquefied natural gas (LNG) to Japan and creating opportunities for Japanese companies to participate in energy projects around the world.

Under the cooperation agreement the British company will liaise with JBIC, a policy-based financial institution wholly owned by the Japanese government, on BG Group's natural gas developments and JBIC will consider providing financial support for these projects.

The relationship is expected to help ensure Japan receives stable supplies of natural gas in the form of LNG and create opportunities for Japanese companies to participate in BG Group projects.

Try 6 free issues of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

We will continue to diversify and extend our funding sources to underpin BG Group's plans to deliver our current investment programme," said Sir Frank Chapman, Chief Executive Officer of BG Group.

JH