Australia Pacific LNG has secured $8.5 billion in project finance to cover the downstream elements of its export plant planned for Queensland.

The finance facility was signed by the Export-Import Bank of the United States, the Export-Import Bank of China, and a syndicate of Australian and international commercial banks.

US EX-IM has inked a 17-year deal with APLNG, while the commercial banks have agreed to finance the project for 16 years.

China