Canada’s Seapeak has clinched a huge new LNG carrier order linked to ExxonMobil business.

The former Teekay LNG Partners, now owned by Stonepeak, said it had signed up to build five 174,000-cbm electronically controlled gas-admission, or ME-GA, propulsion ships at Samsung Heavy Industries in South Korea.

The vessels are costing $1.1bn in total and are scheduled for delivery in 2027.