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...]
Lithuania Readies for the Arrival of their New FSRU
Lithuania continues to ready the country's infrastructure for the upcoming arrival of 170,000 cbm FSRU Independence to the Port of Klaipeda. Independence is the second of four FSRUs built by Hyundai Heavy Industries for Norwegian company Hoegh LNG. This vessel is designed to store and regasify LNG which is then sent ashore. Klaipedos Nafta, the developer and future … [Read more...]