Spanish utility Endesa is expected to approach the market in the coming weeks for a second LNG carrier to take on term charter.

Industry sources say the company is currently considering options for charter lengths of three, five or seven years.

The sources add that the requirement, even for a lone vessel, stands out in a market where there is little fresh newbuilding business.

Madrid-based Endesa, which is owned by Italian energy company Enel, went to the market in mid-2016 for up to three LNG carrier newbuildings.