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Höegh takes delivery of eighth FSRU

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LNG Industry,

Höegh LNG Holdings Ltd. has taken delivery of Höegh Esperanza, its eighth FSRU.

This high-specification FSRU has been constructed at Hyundai Heavy Industries in South Korea and is designed for open, combined and closed loop regasification operation. It has a storage capacity of 170 000 m3 of LNG and a maximum regasification throughput of 750 million ft3 per day. It is equipped with a GTT Mark III membrane containment system and dual-fuel diesel-electric (DFDE) propulsion.

Höegh Esperanza is fully financed at a fixed interest rate of approximately 4%, with the US$200 million debt portion expandable to US$230 million once long-term employment has been secured, as further set out in the stock exchange notice of 24 July 2017.

Höegh LNG is currently in advanced negotiations for intermediate employment of Höegh Esperanza on a combined FSRU and LNGC contract with seasonal use in FSRU mode until the anticipated start date of its intended long term FSRU contract in Chile.

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