LNG

Dec 11 (LNGJ) - Teekay LNG Partners, the US-listed fleet owner, completed an $816 million long-term debt facility agreement to finance all six of the partnership’s 50-percent owned ARC7 LNG carrier newbuilds, with the first vessel to be delivered in January 2018 and the remaining vessels through to early-2020.  The ships will service the Yamal LNG project under charter contracts with firm periods out to 2045 plus options. “Together with our joint venture partner, China LNG Shipping, we are pleased to announce this significant project milestone for our ARC7 LNG carrier newbuildings,” said Brody Speers, Chief Financial Officer of Teekay Gas Group. “With the completion of this ARC7 financing, the partnership has now completed $2.2 billion in debt financings for our newbuildings in the past 12 months and has financed 14 of its remaining 15 LNG carrier newbuildings, which include one floating storage unit,” added Speers.