I.M. Skaugen SE (the “Company”) announces that on 23 January 2017 it has signed long-term contracts for the time charter of three Multigas (MG) vessels for a project representing a “proof of concept” of its Small Scale LNG logistics solutions (SSLNG) – providing natural gas for power generation. The revenues under these SSLNG contracts will be about USD 42 mill annualized and thus about USD 420 mill for 10 years.

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IMSK Long-term Small Scale LNG contract for three Multigas vessels