Höegh LNG orders additional FSRU

June 1, 2015

Höegh LNG Holdings announced that the company has ordered its floating storage and regasification unit, 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/d, and will be delivered in 1Q 2018. The agreement with HHI also includes a firm priced option for an FSRU#9, with a predefined delivery window. 

"After signing the long term contract with Octopus LNG last week we stay firm to our business model with the order of FSRU#8 plus options,” said President and CEO,  Sveinung J.S. Støhle. “Our plan to grow our FSRU fleet step-by-step with the objective to double it by 2019 remains firmly in place.”

With this order, the company has eight, large-size, fuel-efficient FSRUs in operation or under construction.



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