Höegh LNG, Australian Industrial Energy (AIE), and Egyptian Natural Gas Holding (EGAS) have signed an agreement to deploy the FSRU Hoegh Galleon to Egypt.
The FSRU will be deployed to support energy security in Egypt. The unit will be located in Ain Sokhna for a likely period of 19-20 months, after which it will be deployed to AIE’s LNG terminal currently under construction at Port Kembla, Australia.
Höegh LNG and AIE agreed on a 15-year charter agreement for the 2019-built FSRU in June 2022. The Australian firm has early termination options after years 5 and 10.
The AIE charter for the 170,000 cbm unit officially started in late 2023 even though the Port Kembla terminal was not yet complete. The agreement with EGAS is for an interim period of June 2024 to February 2026.
“Höegh LNG is the industry leader in the rapid deployment of FSRUs, and we are pleased that we can provide this solution for EGAS together with AIE while continuing to develop our strong partnership,” said Erik Nyheim, president and CEO of Höegh LNG.
Energy News Beat