Hoegh Executes LNG Libra Charter Agreement, France

Höegh LNG has executed a Time Charter with Gas Natural for LNG Libra.

The vessel is a 126,000 cubic meter LNG carrier with steam turbine propulsion scheduled to be delivered to Gas Natural in Trinidad end of May 2013, after having completed a scheduled dry docking in Brest, France.

The firm period of employment for the vessel is until mid-November 2013. Gas Natural has options to extend the charter period with up to 13 months.

The EBITDA contribution for Höegh LNG is expected to be between USD 2.6 million and USD 13 million, depending on when the vessel is redelivered to Höegh LNG.

President and CEO Sveinung J.S. Støhle says in a comment: “We are pleased to continue our good relationship with Gas Natural and to have entered into a new charter for LNG Libra in a challenging market.”

[mappress]
LNG World News Staff, April 24, 2013; Image: Höegh LNG