The LNG newbuildings were jointly ordered by CNOOC Energy Technology and Services, China LNG Shipping, Teekay LNG Partners and BW’s LNG investment arm.
A spokesperson from China Exim Bank told reporters that the construction of LNG carriers requires higher level of technical skills and technology, and winning these shipbuilding deals would help to raise the overall competency of Chinese yards.
Hudong-Zhonghua will deliver the newbuildings from September 2017 to January 2019.
The four 174,000 cu m vessels will transport LNG from BG’s Queensland Curtis Island LNG Project in Australia, from which CNOOC is buying LNG.
China Exim Bank said it has cumulatively provided financing support for 16 LNG carrier orders worth some $1.7bn at Chinese yards, making it the largest LNG carrier financing bank in China.
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