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Höegh LNG firms up Australian FSRU deal

Norway’s Höegh LNG has landed a firm contract from Australian Industrial Energy (AIE) for one of its floating storage and regasification units (FSRUs).

The Oslo-listed Höegh said AIE has lifted final subjects for the FSRU contract it inked last November. The contract has a term of 15 years with early termination options for AIE after five and ten years.

The deal in November earmarked the 2019-built FSRU  Höegh Galleon to operate at the Port Kembla energy terminal, where AIE has already commenced construction of the terminal’s berth facilities, with initial operations expected by mid-2023, making it the first project of its kind in Australia. 

Höegh said that AIE is entitled to time the start-up of the contract between 2023 and 2025.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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