JOGMEC's Activities

Home > JOGMEC's Activities > Financial Assistance (Oil and Natural Gas) > Financing for Oil and Natural Gas Projects

Financing for Oil and Natural Gas Projects

Oil and gas E&P projects require a huge amount of money. The financing capability of Japanese upstream companies is limited compared with that of the international oil companies. As such, JOGMEC assists Japanese companies with equity financing and liability guarantees.

Overview of Financing Activities

Equity Capital

JOGMEC provides equity capital finance for oil and gas E&P activities and asset acquisitions. Upon receiving a request for financing, JOGMEC evaluates each prospective investment on the basis of both conventional economic criteria and the relative importance of the project to Japan’s national energy policy.

JOGMEC also assesses whether the applicant company observes its own health, safety and environmental (HSE) standards. Prior to making a final investment decision, JOGMEC consults with Japan’s Ministry of Economy, Trade and Industry to ensure the investment is consistent with Japan’s national energy policy.

Liability Guarantees

JOGMEC supports energy resource development by guaranteeing liabilities. As with equity capital requests, JOGMEC evaluates requests for guarantees on the basis of both conventional economic criteria and the relative importance of the project to Japan's national energy policy. Recent expansion of this role has allowed JOGMEC to guarantee the liabilities of loans made not only by banks, but also by private companies.


INPEX Masela, Ltd.


Nippon Oil Exploration (Malaysia), Ltd.