Hamworthy Oil & Gas Systems has secured a contract to supply its innovative LNG regasification technology for the third Höegh LNG Floating Storage and Regasification Unit (FSRU) under construction at Hyundai Heavy Industries.
Working together with Sinopacific Offshore and Engineering (SOE) Wärtsilä Hamworthy will design and supply the system concept whilst the key equipment and fabrication will be supplied by SOE. This partnership agreement follows on from the contract to supply a propane-seawater regasification system for the first two 170,000m3 capacity vessels signed in November last year.
The floating regasification market is experiencing significant uptake and Höegh have projected annual growth in the LNG market of 6-7% over the coming few years. Sveinung Støhle, Höegh LNG’s President and Chief Executive , was quoted as saying: “ Our strategy to expand in the floating regasification market worldwide remains firm and we believe in strong continued growth in this segment .”
Reidar Strande, LNG Business Unit Director, Hamworthy Oil and Gas Systems said: “ This contract for Höegh LNG follows on from the joint project with SOE in supplying our regasification module for the converted Golar Khannur. The module concept was a fast-track project allowing the regasification system to be almost complete before lifting onboard the vessel, with very few interfaces. Delivery of this equipment took place in November 2011 .”
[mappress] LNG World News Staff, April 2, 2012; Image: Höegh LNG