Sources said the two 175,000-cbm LNG carriers are scheduled for delivery in 2028.
EPS is expected to pay approximately $220-225 million per vessel.
The new LNG carriers are expected to be similar to Jiangnan’s “LNG Jumbo” vessels.
These dual-fuel carriers feature GTT’s Mark III Flex membrane system, WinGD engines, and a partial reliquefaction system.
This is EPS’s first LNG carrier order in China and comes as EPS is expanding its LNG carrier business.
EPS just announced the completion of CoolCo’s merger with EPS Ventures, a unit of EPS, and the appointment of Øystein Kalleklev, former chief executive of Flex LNG, as the managing director of CoolCo and commercial director of EPS Gas.
In his new dual roles, Øystein will lead CoolCo’s overall management and commercial strategy as it transitions into private ownership, while also overseeing commercial activities across EPS’ gas platform, supporting the company’s continued growth in LNG and gas shipping markets, EPS said.
CoolCo has seven TFDE LNG carriers, which it acquired from Golar LNG. Moreover, it has the four LNG carriers it purchased from EPS.
In addition to these vessels, CoolCo purchased two newbuild LNG carriers from EPS.
The shipping firm exercised its option in June 2023 with affiliates of EPS Ventures to acquire newbuild contracts for the two 2-stroke LNG carriers.
South Korea’s Hyundai Samho built these 174,000-cbm ME-GA vessels.
