Teekay places LNG tanker order at DSME, eyes more

Teekay LNG said it has recently entered into a deal with DSME of South Korea for the construction of one additional 173,400 cbm MEGI LNG tanker.

The contract is worth about $220 million, with options to order up to four additional vessels.

Teekay LNG said the company intends to secure long-term contract employment for the ordered vessel prior to its scheduled delivery in the fourth quarter of 2018.

In December 2012, Teekay LNG signed a deal with DSME for the construction of two 173,400 cbm MEGI LNG carriers worth approximately $420 million.

Teekay LNG was awarded two five-year time-charter contracts with Cheniere Marketing for these vessels in June of 2013 .

Upon delivery in the first half of 2016, the vessels will each commence five-year charters with Cheniere exporting LNG primarily from Cheniere’s Sabine Pass liquefaction facility in Louisiana.

LNG World News Staff; Image: Teekay