Japan Bank for International Cooperation was set up in 1999 as a state-owned financial institution aimed at developing economic cooperation with foreign countries. The bank is focused on supporting international economic activities of Japanese companies.

Gazprom and JBIC have established a long-standing and fruitful cooperation. Specifically, JBIC participated in financing the Blue Stream gas pipeline construction project and the Sakhalin II project. In December 2018, Gazprom successfully placed its first JBIC-guaranteed bond issue in Japanese yen for Japanese investors. Gazprom was the first Russian company to enter the Japanese capital market.