South Korea: Hyundai Heavy Lays Keel of Hoegh FSRU

An important milestone was reached at the keel laying of hull number 2548 at Hyundai Heavy Industries in South Korea on 27 February 2013. The floating storage and regasification unit (FSRU), being built for Hoegh LNG, will be used as a floating LNG import terminal in Indonesia.

The term of the contract with Perusahaan Gas Negara is 20 years followed by two five year extension options.

The keel laying ceremony was attended by about 100 guests, including the Vice Minister for Energy and Mineral Resources of the Republic of Indonesia, Susilo Siswoutomo, the Chief Executive Officer of Perusahaan Gas Negara, Hendi Prio Santoso, the President and Chief Operating Officer of Hyundai Heavy Industries, Oi-Hyun Kim, and the President and Chief Executive Officer of Höegh LNG, Sveinung J.S. Støhle.

The FSRU will be delivered in the second quarter of 2014, and its specifications will be adapted to comply with relevant project requirements.

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Press Release, March 1, 2013