Loan Insurance for commitment line for LNG import
to support overseas procurement of LNG by Japanese power company
Nippon Export and Investment Insurance
Nippon Export and Investment Insurance (NEXI; Chairman and CEO: Atsuo Kuroda) has decided to provide a loan insurance for a commitment line arranged by Sumitomo Mitsui Banking Corporation to be provided for JERA Co., Inc. (JERA) to import liquefied natural gas (LNG).
While the volatility in natural resource prices has been increasing triggered by COVID-19 and the Ukraine crisis, securing a steady supply of LNG has become critical for Japanese power companies and the loan to support financing of steady LNG procurement of JERA, responsible for approximately 30% of Japan's power generation, will help ensuring a stable supply of natural resources and energy as well as electricity supply in Japan, which would contribute to the strengthening of Japan's supply chain of LNG.
As a public financial institution, NEXI will contribute to ensure energy security of Japan.
| Insured | Sumitomo Mitsui Banking Corporation |
| Insured amount | JPY 100 billion |
| Covered risks | Political risk: 100%, Credit risk: 80% |
Contact: Natural Resources Group, Structured and Trade Finance Insurance Department
Tel: +81-(0)3-3512-7670