BG and JBIC sign co-operation deal to support LNG supply

BG Group has 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 terms of the agreement, BG Group will liaise with JBIC — a policy-based financial institution wholly owned by the Japanese government — on its natural gas developments and JBIC will consider providing financial support for these projects.

The co-operation is expected to help ensure Japan receives stable supplies of natural gas in the form of LNG.