Japanese banks take top spots in Poten & Partners' 2015 ranking of LNG project finance lenders
NEW YORK, April 19, 2015 /PRNewswire/ -- 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 |
Amount |
| 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 [email protected] +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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