Teekay LNG $327 million FSU/LNG carrier financing

Overview:

• Teekay LNG has received $327 million financing for a new FSU unit and an LNG carrier.
• Proceeds will be used for funding the floating storage unit (FSU) for the Bahrain regasification project and for the building of one M-type LNG carrier.
• The FSU will be chartered over 20 years, while the LNG vessel will be chartered for 13 years.
• Teekay is an independent operator and owner of LNG carriers.

Katrin Kostadinova - Data analyst