Norway's Awilco LNG is in talks with main creditor Teekay LNG Partners after posting a loss of $10.36m in the first quarter.
The figure compares to a deficit of $4.57m a year ago and the Oslo-listed company said discussion were positive with the Teekay group company.
"Due to the difficult current spot market conditions negatively impacting liquidity, the group is in the process of evaluating its capital structure," it added.
