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Hoegh LNG pulls out of Pakistan LNG import project

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Reuters are reporting that on 24 November Hoegh LNG cancelled a deal to provide a floating import terminal for a LNG project being developed by Turkish company Global Energy Infrastructure Limited (GEI) in Pakistan.

This month Hoegh LNG announced the consortium behind the project, including Exxon Mobil, France's Total and Qatar Petroleum, had dissolved due to unresolved differences with GEI, adding that it was evaluating its own options.

Hoegh LNG was due to supply the project's ship-based import terminal, a FSRU, where LNG brought in by tanker is converted back to gas to feed into Pakistan's grid.

Last month Exxon Mobil pulled out of the project owing to disagreements with GEI and that Total and Mitsubishi could also quit and join a rival scheme.

The shipping company said it is holding multiple discussions about finding alternative employment for the FSRU and hopes to clinch a deal before the end of 2018.

Read the article online at: https://www.lngindustry.com/floating-lng/27112017/hoegh-lng-pulls-out-of-pakistan-lng-import-project/

 

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