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Höegh signs FSRU agreements with SHI

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LNG Industry,

Höegh LNG Holdings Ltd has announced that it has signed a firm shipbuilding contract and an agreement for three optional floating storage and regasification units (FSRUs) with Samsung Heavy Industries Co. Ltd (SHI) in South Korea.

The firm FSRU is scheduled for delivery in May 2019, whilst the optional FSRUs are scheduled for delivery approximately six months afterwards.

The vessels will have a storage capacity of 170 000 m3, and feature Höegh LNG/Wärtsila regas plant design with a regasification capacity of 750 million ft3/d. They will also have full trading capabilities.

Sveinung J. S. Støhle, the President and CEO of Höegh LNG, said: “We are very pleased to have completed this agreement with SHI, a yard we know well as SHI built Höegh LNG's first two FSRUs. These units have shown excellent performance since their delivery. The agreement with SHI also marks a new era for Höegh LNG with FSRU newbuilding programmes at two of the world's biggest shipyards, which solidify our position as the leading FSRU provider to the LNG industry."

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