Japanese banks take top spots in Poten & Partners' 2015 ranking of LNG project finance lenders

NEW YORK, April 19, 2015 /CNW/ -- 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.

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.

Other key findings of the rankings include:

  • 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.

Poten Top LNG Lenders



Rank

Financier 

Financier's
Main Location

Amount
$ millions

1

The Bank of Toyko-Mitsubishi UFJ, Ltd

Japan

1,583

2

Mizuho

Japan

1,203

3

Sumitomo Mitsui Banking Corp

Japan

1,072

4

ING

Netherlands

789

5

Societe Generale

France

547

6

HSBC

UK

475

7

Credit Agricole

France

460

8

Sumitomo Mitsui Trust Bank, Ltd

Japan

361

9

Natixis 

France

342

10

Mitsubishi UFJ Trust and Banking Corp

Japan

311

11

Standard Chartered 

UK

275

11

Lloyds

UK

275

13

Commonwealth Bank of Australia

Australia

237

14

BBVA

Spain

229

14

Deutsche Bank

Germany

229

TOTAL


8,388

Footnotes



Best efforts are made to provide accurate information.  Some figures are Poten estimates.

For complete LNG lender list or media comments contact: Melanie Lovatt at mlovatt@poten.com +357 22 770 735

Rankings are based on LNG project financings that reached financial close in 2014. They include:

  • Transactions with a total value of $50 million or more.
  • LNG projects (both liquefaction only and liquefaction plus upstream), LNG ships, FSRUs, and other terminals as long as they are structured as non- or limited-recourse financings.
  • Both uncovered loans and those that are covered by export credit agencies.

About Poten & Partners
Poten & Partners is a leading commodity and shipping broker, consultancy and publisher of business intelligence. Our business intelligence division offers a wide range of products and services that provide insight and analysis for the LNG, LPG, shipping and asphalt markets. Headquartered in New York with offices in Houston, London, Perth, Athens, Singapore and Guangzhou, this global network provides unrivaled access to unique business intelligence and market data.

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SOURCE Poten & Partners

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