The naming ceremony for Höegh LNG’s second floating storage and regasification unit (FSRU), the ‘PGN FSRU Lampung’, has taken place.
‘PGN FSRU Lampung’ will serve the Lampung FSRU project that will be located in Lampung, on the southern tip of Sumatra in Indonesia. The project is on schedule to commence operation in June 2014 and the mooring installation has already been installed on site in Lampung.
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Sveinung J.S. Støhle, CEO of Höegh LNG, commented: "Höegh LNG is pleased to celebrate this important milestone with Perusahaan Gas Negara and to provide them with this landmark FSRU project. FSRUs represent a quick, flexible and less capital intensive solution in securing countries new LNG import capacity, and has proven to be an ideal solution in meeting Indonesia's need for energy. Our company looks forward to the start-up of the project in June and continuing our excellent relationship with Perusahaan Gas Negara."
The location of the FSRU has been changed at the request of the Indonesian government and as a result the agreement has been revised, Höegh will also now be reimbursed for the cost of the mooring system.
Höegh LNG has won the contract to build an FSRU in Quintero Bay, Chile, from Colbún S.A. and AES Gener S.A. The FSRU will be used to supply the client’s power plants.
Hoegh LNG has signed an agreement with PT Perusahaan Gas Negara (PGN) to provide them with an FSRU and mooring system offshore Belawan, near the city of Medan, in North Sumatra, Indonesia. The project will employ the first of Höegh LNG's new building FSRUs under construction at Hyundai Heavy Industries Ltd in Korea.