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 operated 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.

- Advertisements -

Most Popular

US to increase LNG supplies to UK under new deal

The US will boost supplies of liquefied natural gas (LNG) to UK terminals under a new deal revealed on...

Adani, TotalEnergies nearing completion of Dhamra LNG terminal in India

India's Adani and France's TotalEnergies have almost completed their Dhamra LNG import facility located in Odisha, on India’s east...

Austria, Germany’s Bavaria interested to receive gas from Croatia’s Krk LNG terminal

Austria and the German state of Bavaria have shown interest to receive natural gas supplies in the future from...

More News Like This

Japan’s NYK wraps up deal with Pertamina’s shipping unit

Japan’s NYK said it had finalized its previously announced deal to invest in Pertamina International Shipping (PIS), a shipping...

VesselsValue: Japan has the world’s most valuable LNG fleet

Japan owns the world’s most valuable fleet of liquefied natural gas (LNG) carriers, followed by Greece and South Korea,...

DSME cancels third LNG carrier order linked to Sovcomflot

South Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering has terminated an order for another LNG carrier after a...

NYK and partners move forward with plans to build ammonia-ready LNG-fueled vessel

Japan’s shipping giant NYK and its partners MTI and Elomatic are moving forward with their plans to build an...