Höegh LNG announced today they have signed a contract with an unnamed Asian national oil company to conduct a Front-end Engineering Design (FEED) study for a Floating LNG facility.
In an emailed statement, Höegh notes this facility will have a production capacity of 2 million tons per annum and the study is to be completed in Q1 2014.
This contract is further proof of the expanding commercial role natural gas will have in the Southeast Asia region in the coming years. Just yesterday, Australian mining mogul Clive Palmer announced that his oil and gas business discovered a huge natural gas field off Papua New Guinea (PNG), directly adjacent to ExxonMobil’s PNG LNG facility which will have a throughput capacity of 6.9 million tons per year of LNG once built.
Höegh’s latest FEED study comes in a month after a similar contract was awarded to them for a North American barge-based FLNG concept.