Golar, Hoegh Give Stolt-Nielsen’s LNG Venture Investment Boost

LONDON, Oct 1 (Reuters) - Liquefied natural gas (LNG) shipping and terminal operators Golar and Hoegh said on Monday they would invest about $50 million into an LNG company set up last year by fellow Nordic firm Stolt-Nielsen. The investments aim to build Avenir LNG into an entity with small LNG vessels and terminals that are expected to be increasingly used in remote … [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...]

Delfin and Höegh Agree to Move Ahead with Floating LNG Export Project

The pieces of the puzzle are starting to come together for Delfin LNG LLC, a company that has plans to develop a floating LNG liquefaction export terminal off the coast of Cameron Parish, Louisiana. Yesterday, the company signed a non-binding memorandum of understanding with Lithuanian energy company Litgas to supply LNG to the country's import terminal in Klaipeda, an FSRU … [Read more...]