Höegh Gallant transfer completed

Höegh LNG Partners LP has announced that it has completed the transfer of the floating storage regasification unit (FSRU), Höegh Gallant from its subsidiary company, Höegh LNG Holding Ltd.

Höegh Gallant is currently operating under a charter agreed with the state-owned Egyptian Natural Gas Holding Company (EGAS), which expires in April 2020. The transfer was originally announced in August 2015, and was expected to complete by September 2015. The transfer was to cost US$370 million, and was expected to generate between US$39 million US$41 million up to the end of its charter in 2020.

Edited from various sources by David Rowlands

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/02102015/hoegh-gallant-transfer-completed-1393/