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.
The American Petroleum Institute says that with right policy changes, administration support for energy development could be a needed course correction.
Energy Information Administration energy projections show need for policy changes, according to the American Petroleum Institute.