Trio wraps up financing for two Tangguh LNG carriers

Joint venture companies owned by Sovcomflot, NYK Line, and Samudera have refinanced two LNG carriers serving Indonesia’s Tangguh LNG plant.

The trio signed a $155 million non-recourse credit facility, for up to eight years, with two international banks, namely MUFG Bank and Development Bank of Japan.

Furthermore, the facility will go towards refinancing two 2008-built 145,700-cbm LNG carriers, Tangguh Towuti and Tangguh Batur.

Russia’s Sovcomflot, Japan’s NYK Line, and Samudera of Indonesia jointly own and operate the LNG carrier duo.

The Tangguh LNG plant in Indonesia started exports in 2009 and currently has a capacity of 7.6 million tonnes per year. Most of the production lands in China and South Korea.

Operator BP and its partners are expanding the facility with the addition of a third liquefaction train. The expansion will add 3.8 mtpa capacity to the facility located in Papua Barat Province.

Most Popular

Woodside terminates Commonwealth LNG SPA

Australian LNG player Woodside has terminated its two LNG sale and purchase agreements with US LNG terminal developer Commonwealth LNG.

Germany, Egypt seal FSRU charter deal

Germany's Ministry for Economic Affairs and Energy has signed a deal with Egypt's state-owned EGAS to charter the 174,000-cbm FSRU Energos Power.

Energy Transfer seals Lake Charles LNG supply deals

Texas-based Energy Transfer has signed new supply deals for its planned Lake Charles LNG export facility in Louisiana as it works to take a final investment decision by the end of this year, according to its management.

More News Like This

Ocean Yield to boost stake in France LNG Shipping

KKR-backed Ocean Yield has agreed to increase its stake in LNG carrier owner France LNG Shipping.

ONE plans LNG-powered containership order

Ocean Network Express (ONE), a joint venture of Japan's NYK, MOL, and K Line is eyeing an order for LNG dual-fuel container vessels, according to shipbuilding sources.

QatarEnergy LNG carrier named in China

China’s Hudong-Zhonghua hosted a naming ceremony for one 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding program.

Hudong-Zhonghua launches LNG carrier

Chinese shipbuilder Hudong-Zhonghua has launched one 174,000-cbm liquefied natural gas (LNG) carrier it is building for NYK and CNOOC.