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Japanese banks top LNG project finance lenders

Staff writer |
Japan's Bank of Tokyo-Mitsubishi UFJ, Mizuho and Sumitomo Mitsui Banking Corp took the top three spots in Poten & Partners' 2015 ranking of the world's LNG project finance lenders.

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The rankings appear in Poten & Partners' LNG Finance in World Markets published April 17.

Japanese banks took five of the top 10 positions in the inaugural rankings published by Poten, a leading global brokerage, consultancy and business intelligence publisher. The Netherlands' ING came in fourth and France's Societe Generale was ranked number five.

Forty eight lenders from 15 countries provided most of the global LNG project finance funds in 2014. In total, banks included in the rankings extended project finance loans of $12.28 billion in 2014.

Eleven Japanese banks provided over $5 billion to LNG projects or 43% of total lending in 2014. Twenty European banks accounted for $4.8 billion of total lending.

Other lenders in the Asia Pacific region, which included banks from Australia, Singapore, South Korea and China, provided $941 million. Despite the US hosting the two biggest project financings of 2014 - Cameron LNG and Freeport LNG - only $780 million came from US lenders and $510 million from Canadian lenders.

Bank lending to LNG projects in 2014 eclipsed 2013's total of $9 billion.

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