NYK and Knutsen Invest in LNG Duo

Project & Tenders

May 27, 2014

NYK and the Knutsen Group said that they have concluded a joint investment and financing arrangements on a 50:50 basis for two new 176,000 m3 ME-GI LNG tankers.

The vessels to be built at Hyundai Heavy Industries for delivery in the second half of 2016 will be chartered to Spanish energy company Gas Natural for a period of 20 years.

Sumitomo Mitsui Banking Corporation Europe acted as structuring bank and book-runner for the financing arrangements with finance provided by Sumitomo Mitsui Banking Corporation Europe Ltd., BNP Paribas, Caixabank S.A., Crédit Industriel et Commercial, and the London branch of Société Générale.

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LNG World News Staff, May 27, 2014; Image: NYK