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8 months ago
BRIEF-Hoegh LNG signs letter of intent for 1 FSRU, 3 options at Samsung Heavy Industries
December 7, 2016 / 6:22 AM / 8 months ago

BRIEF-Hoegh LNG signs letter of intent for 1 FSRU, 3 options at Samsung Heavy Industries

2 Min Read

Dec 7 (Reuters) - Hoegh Lng Holdings Ltd :

* Hoegh lng holdings ltd says it has signed a letter of intent ("LOI") for one firm and three optional FSRUs at Samsung Heavy Industries in South Korea

* Hoegh Lng Holdings Ltd says vessels have scheduled delivery dates of two units in 2019 and two units in 2020

* Hoegh LNG holdings Ltd says the 170,000 m(3) FSRUs have regasification capacity of 750 mmscf/day and full trading capabilities

* Hoegh lng holdings ltd says complete shipbuilding contract for firm vessel is expected to be signed by mid-january 2017

* Chief Executive Officer Sveinung J.S. Støhle says: "With this agreement with Samsung Heavy, whose selection has been subject to a competitive international tender, Höegh LNG has taken advantage of a very favorable newbuilding market to position itself for further expansion in the FSRU segment"

* Höegh LNG provides floating energy solutions and operates world-wide with as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs) Source text for Eikon: ] Further company coverage: (Reporting By Ole Petter Skonnord)

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