Höegh LNG has entered into a 10-year time charter party with AGL Energy for an FSRU at its proposed gas import jetty project at Crib Point in Victoria, Australia. The project is targeting start up in 2020 – 2021.
The FSRU assigned to the project is expected to generate annual EBITDA of between $29m and $31m depending on planned technical modifications that may be specified by AGL before project start-up.
Höegh LNG’s president and CEO, Sveinung Støhle, commented: “Our modern FSRU solutions offer our clients the quickest, most cost-efficient and most flexible method of connecting a new market to global LNG trade.”
