Höegh LNG Takes Delivery of Ninth FSRU

Bermuda-based  floating liquefied natural gas (LNG) company Höegh LNG Holdings took delivery of Höegh Gannet, its ninth floating storage and regasification unit (FSRU).

Höegh Gannet has regasification capacity of 1 Bcf per day and storage capacity of 170 000 cbm of LNG, combined making it the largest FSRU built by capacity, said a release from the company.

The unit has been constructed by Hyundai Heavy Industries in South Korea and is equipped with a reinforced GTT Mark III membrane containment system and dual-fuel diesel-electric (DFDE) propulsion.

Höegh Gannet is part of HLNG’s ongoing tender processes for FSRU projects with scheduled start-up in the 2019-21 period.

For the interim period between delivery and start-up under a long-term contract it will serve an LNGC charter with Naturgy, which starts immediately after the positioning voyage from the shipyard. This interim contract runs for 15 months, under which Höegh Gannet will earn a fixed dayrate in line with the historical medium term LNGC market.

Höegh LNG operates world-wide with a leading position as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs).

The company is publicly listed on the Oslo stock exchange under the ticker HLNG, and owns approximately 46% of Höegh LNG Partners LP. Höegh LNG is a Bermuda based company with established presence in Norway, Singapore, the UK, USA, South Korea, Indonesia, Lithuania, Egypt, Colombia and Turkey.