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Höegh LNG agrees time charter for FSRU

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LNG Industry,

Höegh LNG Holdings Ltd. has entered into a time charter contract with Naturgy Energy Group S.A for FSRU #9.

The time charter commences in December 2018, immediately after the delivery of the unit and a positioning voyage from Hyundai Heavy Industries Co., Ltd. in South Korea, and has a term of 15 months. Under the contract, FSRU #9 will earn a fixed daily charter rate which is in line with the current medium-term market for DFDE LNG carriers.

Sveinung Støhle, President and CEO of Höegh LNG comments. “We are pleased to further develop our strong relationship with Naturgy, a highly reputable and ambitious LNG portfolio player and a long-time business partner of Höegh LNG. This charter party will cover the period from delivery of FSRU #9 until planned start-up for prospective FSRU projects, and it further demonstrates once again the premium trading qualities of our FSRUs. Finally, from commencement of the contract Höegh LNG’s fleet will be fully employed.”

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