The remaining $3.4-billion shareholder guarantees over the Australia Pacific liquefied natural gas (APLGN) project’s $8.5-billion project finance has been released after the project met all of the lender’s completion tests, ASX-listed Origin Energy reported.
In 2012, APLNG secured the project finance facility with US EXIM, China EXIM and a consortium of Australian and international banks to fund the downstream component of the project, including the construction of the Curtis Island LNG facility.
