Höegh LNG Holdings has signed an FSRU contract with Octopus LNG for the Penco-Lirquén LNG import terminal to be located in Concepción Bay, Chile. The contract is for a period of 20 years and is expected to generate an average annual EBITDA of around US$36 million. The contract is subject to Octopus completing financing and obtaining necessary environmental approvals, with start-up planned in 4Q 2018. Höegh LNG will service the contract with an FSRU from its newbuilding program currently in progress. The FSRU will be offered to Höegh LNG Partners in due course.
"Höegh LNG's technology is a key service component of the natural gas delivery chain that will enable the construction of our El Campesino Power Plant as well as supplying the growing demand of natural gas in the Bio Bio region," said Alfonso Ardizzoni, Octopus' general manager.
Image: Höegh Gallant/Höegh LNG Holdings