Höegh LNG FSRU taken on three-year charter by CNOOC

Höegh LNG FSRU taken on three-year charter by CNOOC

Höegh LNG has entered into a time charter with China’s CNOOC for floating storage and regasification unit (FSRU) Höegh Esperanza.

The charter is for three years and includes a one-year extension option and will see the vessel utilised in FSRU mode at the Tianjin LNG terminal

The contract commences immediately, and includes a rate structure corresponding to the mode of use.

Sveinung J.S. Støhle, CEO of Höegh LNG, commented: “We are proud to sign this strategically important contract with CNOOC, the largest of the Chinese LNG companies by volume. Given the short lead time, deployment flexibility and clear cost advantages, FSRUs are today the preferred solution for imports of LNG. Höegh LNG is the only FSRU operator with operating experience in China, and we see the potential for Höegh LNG to provide additional FSRUs to this large and rapidly growing LNG market. Höegh Esperanza will start generate revenues under this contract immediately, and Höegh LNG’s delivered fleet is with this fully employed.”

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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