Saturday, November 16, 2019

Hegh Lng News

China Bank Supports Hoegh LNG for New FRSU

Image: Watson Farley & Williams LLP

Hoegh LNG on its first ever sale and leaseback deal with China Construction Bank Financial Leasing (CCBFL) for its tenth Floating Storage Regasification Unit (FSRU), the Hoegh Galleon, which was delivered yesterday (August 27) and has been taken back on charter by Hoegh LNG for twelve years.Following the completion of the transaction,…

Höegh LNG Wins FSRU Deal with Cheniere

Pic: Höegh LNG

Norway-based floating LNG giant Höegh LNG has signed a time charter contract for a floating storage and regasification unit (FSRU) Höegh Galleon with Cheniere Marketing International.The time charter commences in September 2019 after the delivery of the unit, Höegh LNG’s tenth, from Samsung Heavy Industries Co., Ltd.The terms of the time…

Hoegh LNG Partners Appoints New CFO

Pic: Höegh LNG

The floating liquefied natural gas (LNG) company  Höegh LNG Holdings announced that Håvard Furu is appointed as new Chief Financial Officer (CFO) of Höegh LNG AS effective 1 March 2019.The interim CFO, Steffen Føreid, will step down effective 1 March 2019 and will from then continue in his role as Chief Executive Officer and Chief Financial…

Nakilat, Höegh LNG Ink MoU on FSRU project

Sveinung J.S. Støhle, President and CEO of Höegh LNG & Nakilat’s Managing Director Eng. Abdullah Al-Sulaiti. Photo: Nakilat

Nakilat signed a Memorandum of Understanding (MoU) with Höegh LNG, exploring collaboration for Floating Storage and Regasification Unit (FSRU) business as part of its diversification strategy for opportunities and solutions to delivering LNG to the global markets, with FSRU being a leading-edge technology for the liquefied natural gas (LNG) market.

Hoegh LNG orders FSRU from Hyundai

Photo Höegh LNG

Höegh LNG Holdings Ltd. has signed a new Shipbuilding Contract with Hyundai Heavy Industries Co. for a new Floating Storage and Regasification Unit (FSRU) for delivery in Q4 2018. The FSRU will have a storage capacity of 170,000 m3 and a max regasification capacity of 1,000 MMscf/day and with full trading capabilities. Reference is further…

Wärtsilä Re-gasification system for Norwegian Ship Conversion

Wärtsilä will supply the re-gasification system for an FSRU conversion project that Höegh LNG plans to carry out on a modern LNG vessel

Wärtsilä has been contracted to supply the re-gasification system for an FSRU (Floating, Storage, Re-gasification Unit) conversion project that Höegh LNG plans to carry out on a modern LNG vessel. The contract was signed in August. The Wärtsilä re-gasification system to be supplied will feature regas technology using water glycol as the intermediate medium instead of propane.

Höegh LNG Speeds up FSRU Conversion

Photo Höegh LNG

Höegh LNG Holdings Ltd. today announced that it has signed agreements with Wärtsila Oil and Gas (EPCIC regas) and Moss Maritime (engineering) for its first FSRU conversion project, including the ordering of critical equipment with long lead time. By ordering said equipment in advance, Höegh LNG will reduce the conversion schedule by six months- from 18 to 12 months…

Zohr Discovery Could end Egypt LNG Imports

Egypt hopes to stop importing LNG by 2020; Zohr has potential 30 trillion cubic feet (tcf) of gas. The huge Zohr natural gas field discovered by Eni off the coast of Egypt, could tip the country back into exporting liquefied natural gas (LNG), making the bright spot of demand it has created in an oversupplied global gas market short-lived.

Höegh LNG 1Q Interim Results

Sveinung J.S. Støhle, Höegh LNG's President and CEO courtesy World LNG Summit

* The Board of Directors of Höegh LNG approved the Company's second quarter dividend payment of USD 0.10 per share to be paid on or around 19 June 2015. * Former CEO of BG-Group, Mr. Chris Finlayson, joined the Höegh LNG Holdings Ltd. Board as non-executive director, replacing Mr. Höegh LNG's President and Chief Executive Officer, Sveinung J.

Hyundai Heavy Names First Newbuild LNG FSRU

The world’s first newbuilding LNG floating storage regasification unit

Hyundai Heavy Industries Co., Ltd. (HHI) held a naming ceremony for the world’s first newbuilding LNG floating storage regasification unit (LNG FSRU), ordered from Höegh LNG in June 2011. The 170,000 cbm LNG FSRU, measuring 294 meters in length, 46 meters in width and 26 meters in depth with the storage capacity of 70,000 metric tons of chilled natural gas…