Höegh LNG orders new FSRU at Hyundai shipyard

Norwegian ship owner Höegh LNG has exercised an option for a fourth new floating storage and regasification unit (FSRU) to be built at Hyundai Heavy Industries in South Korea, officials said on Tuesday.

The vessel will be able to operate as a floating LNG import terminal, as well as an ordinary LNG carrier, according to the company.

The FSRU will be delivered in the first quarter of 2015, and its specifications will be adapted to comply with relevant project requirements.

“With our three FSRUs on order allocated to specific projects in Indonesia, Lithuania, and Chile, Höegh LNG continues its growth within the floating regasification market,” said Sveinung J.S. Støhle, CEO of Höegh LNG.

“ We are involved in several new floating LNG import terminal projects being developed worldwide, and our purpose built FSRUs with larger storage and regasification capacity, higher energy efficiency and improved reliability have proven to be appreciated by our customers.

“Our strategy to expand in the floating regasification market worldwide remains firm."

Höegh LNG operates a fleet of six LNG carriers and two floating storage and regasification units (FSRUs). Furthermore, it has three FSRUs under construction at Hyundai Heavy Industrieas.

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