Norway’s Höegh LNG has entered into an interim LNG carrier time charter with Cheniere Marketing International for its newbuild Höegh Galleon.
The time charter will commence in September, following the delivery of the vessel from Samsung Heavy Industries.
Timing of the deal allows Höegh Galleon to be available to serve the AIE project in Port Kembla, Australia, where Höegh LNG is the FSRU provider. AIE recently announced a contract to supply gas to its foundation customer from January 2021.
“We are very pleased to further develop our relationship with Cheniere, the US’ largest LNG exporter. This charter party will cover the period from delivery of Höegh Galleon until its planned start-up in Port Kembla. Combined with a finalized AIE contract and the project’s FID, Höegh Galleon will have long-term contract coverage in line with HLNG’s stated strategy. Finally, from commencement of the Cheniere contract in September, Höegh LNG’s fleet will be fully employed,” said Sveinung Støhle, president and CEO of Höegh LNG.
Höegh LNG currently owns a fleet of five LNG carriers.