Höegh LNG to Carry Out LNG FPSO Study (Norway)

Höegh LNG,a company specializing in floating LNG solutions , has signed an agreement with an undisclosed client to start a project specific engineering and cost study for an LNG FPSO solution.

The study is estimated to take 3 to 4 months, at which point a decision shall be made as to whether or not a full FEED study would be undertaken.

President and CEO, Sveinung J.S. Støhle, says: “We are excited about initiating the study for an LNG FPSO to monetise the gas reserves. The study will be based on Höegh LNG’s already developed design, and is the result of our continuous effort to promote technical and economical sound floating solutions for LNG production.”

Höegh LNG offers long-term floating production, transportation, regasification and terminal solutions for the liquefied natural gas (LNG) market. The company operates a fleet of five LNG carriers and two floating storage and regasification units (FSRUs).

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Offshore Energy Today Staff, May 21, 2012