Stalled FSRU Ready for Start-Up Off Bangladesh

By Ruma Paul DHAKA, Aug 2 (Reuters) - A vessel that arrived in Bangladesh in April to offload its maiden cargo of liquefied natural gas and moor permanently as an import terminal should begin operations "within a week" after bad weather hampered its start-up, an official said on Thursday. The floating storage and regasification unit (FSRU) will allow Bangladesh to import LNG … [Read more...]

Qatar Seeks to Open New LNG Markets with Floating Terminals

LONDON, July 19 (Reuters) - Qatar Gas Transport Company and Norwegian shipping business Hoegh LNG have embarked on a joint project to open new markets for Qatar to sell its liquefied natural gas (LNG) via floating import terminals. Hoegh LNG, a developer of floating LNG import terminals, expects to start work on the import terminal project in a matter of months, CEO Sveinung … [Read more...]

The Hottest Commodity Asset Right Now Is a 35,000-Ton Steel Ship

  By Anna Shiryaevskaya (Bloomberg) -- At a time when commodity producers are writing down billions in asset values and canceling projects around the world, one niche area of the gas market is booming. Hybrid ships, called Floating Storage and Regasification Units, or FSRUs, offer emerging nations from Egypt to Pakistan a cheaper, quicker way to attack power … [Read more...]

Egypt to Begin LNG Imports as FSRU Höegh Gallant Arrives

By Ehab Farouk CAIRO, April 2 (Reuters) - Egypt moved closer to easing its chronic power shortages on Thursday as the arrival of a floating import terminal marked the start of imports of super-cooled liquefied natural gas (LNG). The Hoegh Gallant floating storage and regasification unit (FSRU) from Norway's Hoegh LNG arrived off Ain Sukhna on the Gulf of Suez, an official … [Read more...]

Hoegh LNG Orders Fifth FSRU Newbuild from Daewoo

Following the successful installation of the FSRU Independence off Lithuania and the signing of two new long-term contracts offshore Colombia and Egypt on Monday, Höegh LNG has exercised its option to build a fifth Floating Storage and Regasification Unit (FSRU) at Hyundai Heavy Industries. The company notes this latest vessel will be delivered during the first half 2017 and … [Read more...]