US liquefaction developer Venture Global LNG has set a new price record by paying $250m each for two LNG carrier newbuildings ordered at Daewoo Shipbuilding & Marine Engineering.

On Friday, DSME said it had won a KRW 710.3bn ($500m) contract to build a pair of LNG carriers for a shipping company based in the Americas.

The shipyard, which did not name the contracting party, said the vessels are due for delivery at the end of 2026.