Federal Register #2026-23087

EXIM Financing for U.S. Exports Supporting a Papua New Guinea LNG Project

EXIM is reviewing major export-financing support for a Papua New Guinea LNG expansion. - Government buyer: Export-Import Bank of the United States (EXIM), Office of Policy Analysis and International Relations. - LNG project financing: EXIM received an application for a $3.775 billion direct loan or guarantee supporting approximately $2.25 billion in U.S. equipment and services for expansion of an integrated liquefied natural gas project in Papua New Guinea. - The project is expected to add 4.0 million metric tons of LNG production per year for anticipated Asia-Pacific consumption. - No equipment models, part numbers, manufacturers, or project service providers are identified. - Other financing noted: EXIM may consider guarantees on interest for Secured Notes issued by the Private Export Funding Corporation (PEFCO) to support export-finance transactions. Potential guarantees for notes issued during FY 2027 may exceed $100 million; reference number AP003048AA. - OEMs: None identified. EXIM and PEFCO are named financial entities, not equipment OEMs.

Description

The Export-Import Bank of the United States received an application for a $3,775,000,000 direct loan or guarantee to support approximately $2,250,000,000 in U.S. equipment and services. The exports would support expansion of an integrated liquefied natural gas project in Papua New Guinea. The equipment and services would be used to produce an additional 4.0 million metric tons of LNG per year, anticipated for consumption in the Asia-Pacific market. Comments are due 14 days from publication in the Federal Register.

View original listing