LNG

May 27 (LNGJ) - Nippon Yusen Kaisha (NYK Line) of Japan and Knutsen Group of Norway have concluded a joint investment and financing arrangement on a 50-50 basis for two new 176,000 cubic metres capacity LNG carriers to be chartered to Spanish energy company Gas Natural on a 20-year-plus basis from their delivery from Hyundai Heavy Industries in South Korea in the second half of 2016. Sumitomo Mitsui Banking Corp. acted as structuring bank, with finance also provided by BNP Paribas, Caixabank SA, Credit Industriel et Commercial and the London branch of Societe Generale.