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.
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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
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
-
FTSE 100 hits record highs – why is it rising and will we see more gains?
Advice UK equities have been described as unloved for a long time but as the FTSE 100 hits new highs, we explain if now is the time to buy British.
By Marc Shoffman Published
-
How to invest in copper
It may be time to invest in copper as the red metal appears poised for a big jump. Dominic Frisby looks at what should investors should buy
By Dominic Frisby Published