Skip to main content

Hoegh considers purchasing fifth FSRU

Published by
LNG Industry,

According to Reuters, Hoegh LNG Partners LP is considering the possibility of spending US$300 million – US$400 million on a fifth floating storage regasification unit (FSRU).

Reportedly, the company, which is controlled by Norway’s Hoegh LNG Holdings Ltd, will partially fund the purchase through an equity offering. The company currently has four FSRUs in its fleet, all of which are on long-term contracts. Reuters claims that it will purchase this latest FSRU through a transfer of assets from its parent.

Richard Tyrell, the Chief Executive of Hoegh LNG Partners, reportedly said: “Our clients, utilities, are benefiting from cheap LNG and they are stronger as a result […] So we are benefiting from the low oil price and in that sense may be one of the few companies in the energy space to benefit."

Read the article online at:

You might also like

LNG Fuel 2020

LNG Fuel 2020

LNG Fuel 2020 is an online conference for professionals in the 'LNG as a marine fuel' sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free. Register for free today »


Embed article link: (copy the HTML code below):


LNG Industry is not responsible for the content of external internet sites.