Industry sources say the remaining three 85,000-cbm vessels in the planned contract are scheduled to be firmed up at the end of this quarter.

Officials for the Jaccar company behind the deal confirm the project is “in force” without giving details.

The $130m VLECs are understood to be backed by long-term charter deals to Chinese gas buyer Oriental Energy.

The Shenzhen-listed company said in 2015 that it would take the ships on charter for 10-year periods, with options to extend the hire at an annual rate per ship not exceeding $24m.

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