Summary of the Meeting of the Board of Directors

December 27, 2012 December 31, 1969

Completed



9:30 A.M., THURSDAY






I.NON-CLASSIFIED ITEMS:



OPEN:

NONE



CLOSED:


STRUCTURED FINANCE DIVISION


Congressional
Review - Expiry Date: 12-24-12 / Public Notice Expiry Date: 12-11-12



1. COUNTRY: UNITED KINGDOM - AP085833XX

FOREIGN BUYER: QGC Pty Ltd

PRODUCTS: Natural Gas Liquification Facility

See
Item No. 4 on the 11-19-12 Agenda




II.CLASSIFIED ITEMS: NONE

Certification for Closure of Meeting


I, Lisa V. Terry,
Assistant General Counsel for Administration, hereby certify that in my opinion the Meeting of the
Board of Directors scheduled for 9:30 AM on Thursday, December 27, 2012, in the Board
Room will disclose information of the kind set forth in Subsection (4) of
Section 552b(c), Title 5 of the United States Code.



Accordingly, such
meeting may be closed to the public.




Lisa
V. Terry

Assistant
General Counsel

Date Posted
EXPORT-IMPORT BANK OF THE UNITED STATES
SUMMARY OF MINUTES OF MEETING OF BOARD OF DIRECTORS
DECEMBER 27, 2012



ITEM NO 1
Country UNITED KINGDOM AP085833XX
Request for FINAL COMMITMENT

Applicant BG ENERGY HOLDINGS LIMITED, READING UNITED KINGDOM
Borrower BG ENERGY HOLDINGS LIMITED, READING UNITED KINGDOM
Guarantor NONE
Buyer QGC PTY LIMITED, QUEENSLAND 4000 AUSTRALIA
End-user QGC PTY LIMITED, QUEENSLAND 4000 AUSTRALIA
Exporter BECHTEL POWER CORPORATION, HOUSTON TX
Exporter BG NORTH AMERICA, LLC, HOUSTON TX
Exporter ADDITIONAL EXPORTERS
Supplier BG NORTH AMERICA, LLC, HOUSTON TX
Supplier INTERNATIONAL TRADE & TRANSPORATION INC, PINEHURST TX
Gteed Lndr NONE

Project Name QUEENSLAND CURTIS LNG (QCLNG)
Project Description NATURAL GAS LIQUEFACTION PLANT (LNG)
Product Description ENGINEERING SERVICES
Financed Amount $1,809,382,461
Repayment Term 8 YRS/6 MTHS

Board Decision: APPROVED. Chairman Hochberg, Vice Chair Felton,
Director Mulvaney and Director Loui all voted in favor of the transaction.