Awilhelmsen company Awilco LNG is set to refinance its fleet with a new sale and leaseback deal.

Oslo-listed Awilco LNG said a term sheet covering the 156,000-cbm WilForce and WilPride (both built 2013) was in place with “a major leasing company based in Asia”.

The ships were previously financed under a separate leaseback deal with Teekay LNG Partners which was due to mature at the end of this year.