Hoegh Ordered FSRU#8 at Hyundai Heavy Industries

Source: www.gulfoilandgas.com 6/1/2015, Location: Asia

Hoegh LNG Holdings Ltd. has ordered its FSRU#8 at Hyundai Heavy Industries (HHI) in South Korea. FSRU#8 is designed to the highest specifications, has full trading capability, regas capacity of 750 MMscf/day, and will be delivered in Q1 2018. The agreement with HHI also includes a firm priced option for an FSRU#9, with a predefined delivery window. With this order, the Company has eight, large size and fuel efficient FSRUs in operation or under construction, and possesses the most modern FSRU fleet in the market.

President and Chief Executive Officer Sveinung J.S. Stohle says: "After signing the long term contract with Octopus LNG last week we stay firm to our business model with the order of FSRU#8 + options. Our plan to grow our FSRU fleet step-by-step with the objective to double it by 2019 remains firmly in place. We continue to see strong demand for our FSRU services, and with the highest technical specification on our newbuild FSRUs at competitive prices, Hoegh LNG remains the leading company in the FSRU segment and we are very well positioned to continue increasing our market share in the coming years."


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