Awilco LNG has found the right time charter deal.

The Oslo-listed owner announced on Friday a three-year contract beginning in December with a “leading European LNG importer” that it said would drive $26m of Ebitda into its coffers.

It said the charterer has the option to extend for up to two years, bringing the total period to five years.

Awilco LNG can nominate either of its vessels for the charter.