Norwegian floating LNG production specialist Hoegh LNG has ordered a floating storage and regasification unit at Hyundai Heavy Industries (HHI), with an option for an additional vessel.
The vessel, to be delivered in the first quarter of 2018, will have a regasification capacity of 750 MMscf per day.
The order is Hoegh LNG’s eighth FSRU. The company has seven other FSRUs that are wholly or partially owned.
IHS Maritime’s Sea-web.com data show all but two of the company’s FSRUs were built at HHI, the world’s biggest shipbuilder.
The two FSRUs that were not built by HHI are GdF Suez Cape Ann and GdF Suez Neptune, which were built by Samsung Heavy Industries.
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Hoegh LNG president and CEO Sveinung Stohle said, “After signing the long-term contract with Octopus LNG last week we stay firm to our business model with the order of FSRU#8 plus options. Our plan to grow our FSRU fleet step-by-step with the objective to double it by 2019 remains firmly in place.”
The company continues to see strong demand for their FSRU services, he added.
With the highest technical specification on their newbuild FSRUs at competitive prices, Stohle is optimistic that the company remains the leader in the FSRU segment and they are very well-positioned to continue increasing their market share in the coming years.