Hoegh LNG names sixth FSRU

Oslo-based Höegh LNG informed that the sixth FRSU under construction at Hyundai Heavy Industries has been named Höegh Grace. 

The 170,000 cbm FSRU is scheduled for delivery in the second quarter of 2015 and features a Mark III membrane containment system and a Wärtsila-Hyundai DFDE engine. It has an overall length of 294 meters and breadth of 46 meters.

As it was revealed in an interview for LNG World News, the company that recently ordered its seventh FSRU is looking to secure a deal for its newbuild and place an order for an eight vessel.

Höegh LNG has identified around 30 potential FSRU projects world-wide and over the next five years the expects an average of two to four FSRU contracts to be signed per year. With this, Höegh LNG expects to sign one or two such contracts per year

Out of the company’s newbuilds, FSRU Independence is already in operation in Lihuania while the Höegh Gallant has arrived in Egypt off Ain Sukhna where it will start its five-year charter deal with EGAS. The fifth FSRU, Höegh Challenger, has been chartered by Sociedad Portuaria El Cayao (SPEC) for a new LNG import terminal in Cartagena, on the Atlantic coast of Colombia, for a period of 20 years.

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LNG World News Staff; Image: Höegh LNG