Höegh LNG wins Crib Point FSRU contract

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.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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