Stephenson Harwood advises CDB on $1.6 bln Yamal LNG tankers financing

Law firm Stephenson Harwood advised China Development Bank on the $1.6 billion financing of six Arc7 LNG carrier newbuildings for a joint venture between Teekay LNG Partners and China LNG Shipping.

The first vessel, Eduard Toll was delivered earlier this month, the law firm said in a statement.

The vessels will operate under long-term charters servicing the Yamal LNG project in Russia and will have ice-breaking capabilities which will enable the year-round use of the Arctic sea routes.

The Stephenson Harwood team was led by London finance partner Dean Norton and partners and associates from Hong Kong and Singapore offices, the company said.

Teekay LNG Partners and its JV partner China LNG Shipping were advised by the Watson Farley & Williams law firm on the financing.

LNG World News Staff