The $299m cheque has been provided by DBS Bank, Korea Development Bank, OCBC, Standard Chartered Bank and The Bank of Tokyo-Mitsubishi.

Sveinung Stohle, chief executive of Hoegh LNG, said: "Commercial banks expressed strong interest in participating in the financing of this project and we had to limit the bank group.

“During the process we have developed new relationships with regional and international banks with strong presence in the Asia Pacific region.

“The