Norway's Hoegh LNG has arranged sale and leaseback funding in China for its tenth FSRU newbuilding.

The company said it has received a commitment letter worth up to $206m from CCB Financial Leasing, a unit of China Construction Bank.

The vessel is due from Samsung Heavy Industries in the second quarter of 2019.

The arrangement finances 70% of its cost, increasing to 80% once long-term employment has been secured.