LNG nation Egypt to seek ethane imports from the US made from shale gas to avert fertiliser and food crises
Egypt, the nation with oil and gas reserves and which imports and exports LNG, is now planning to secure large quantities of US ethane made from shale gas to avoid shortages of fertilisers and a food crisis because of an acute shortage of natural gas in the domestic market.
Höegh LNG signs agreement to deploy FSRU ‘Hoegh Galleon’ to Egyptian Gulf of Suez port of Ain Sokhna
Höegh LNG Holdings, the owner and operator of 13 LNG vessels including floating storage and regasification (FSRU) units, said an FSRU chartered to Australia will be deployed beforehand to Egypt to improve the Arab nation’s energy security.
Höegh LNG returns to profits after deploying floating terminals to France, Germany and Australia
Höegh LNG Ltd, the owner and operator of 13 LNG vessels including floating storage and regasification (FSRU) units, returned to a third-quarter profit after suffering losses in the same three months of 2022 as the Norwegian operator deployed floating import terminals to France, Germany and Australia.
Höegh LNG Holdings anticipates future profits from FSRU surge led by Germans but still posts 2022 losses
Höegh LNG Holdings, the owner of 10 floating storage and regasification units and two conventional LNG carriers, reported net losses for the fourth quarter and the year during a busy period as three vessels were prepared for FSRU operations in Germany and Brazil.
Höegh LNG confirms final charter deal signed with Australian Industrial Energy for terminal south of Sydney
Höegh LNG Holdings Ltd and Australian Industrial Energy have signed a final charter deal for the deployment of a floating storage and regasification unit at Port Kembla south of Sydney to help ease energy shortages in the state of New South Wales.
Höegh LNG to sell Lithuania FSRU and says events in Europe have increased focus on floating terminal projects
Höegh LNG Holdings, the leading floating storage and regasification unit (FSRU) operator with 10 modern vessels, said LNG continues to be a growth market and recent events in Ukraine had put energy on top of the agenda in Europe with increased interest in FSRUs.
Höegh LNG Holdings reports net loss while sealing FSRU deals for Jamaica and Australian import projects
Höegh LNG Holdings Ltd reported a net loss for 2021 because of increased expenses and a tax audit even as annual revenues increased to over $350 million for the year and the company sealed several key floating storage and regasification unit (FSRU) charter deals from Jamaica to Australia.
Höegh LNG Holdings seals São Paulo FSRU charter in Brazil after successful Australian FLNG accord
Höegh LNG Holdings has signed a 10-year charter agreement for one of its floating storage and regasification units (FSRUs) with the joint venture, the São Paulo Regas Company (TSRP) in Brazil.
The São Paulo facility will operated for TSRP, a subsidiary of Compass Gás and Energy and Comgás, Brazil’s largest gas distributor.
The Höegh LNG vessel, the “Höegh Gannet”, is assigned to the charter and operations are expected to start in late 2022 or early 2023.
The “Höegh Gannet” has cargo capacity of 170,000 cubic metres and regasification capacity of 1 billion standard cubic feet per day.
It is Höegh LNG’s second major charter deal in 2021 after Australian Industrial Energy (AIE) signed a long-term charter in November for an FSRU to operate at Port Kembla, south of Sydney
Under that agreement, the FSRU vessel “Höegh Galleon”, the newest FSRU in Höegh LNG’s fleet, will serve as the terminal.
The 170,000 cubic metres capacity “Höegh Galleon” has send-out capacity of 750 million standard cubic feet per day.
Collaboration
In addition, AIE and Höegh LNG agreed to collaborate on the future design and development of a new generation FSRUs capable of receiving clean fuels which can be used as part of “future green energy” supply chains.
Höegh LNG Holdings was acquired in a takeover by Norwegian interests and a unit of US investment bank Morgan Stanley.
Höegh shareholders approved an offer in March 2021 by a joint venture formed by Morgan Stanley Infrastructure Partners and Leif Höegh & Co., a family-owned shareholding for the takeover.
Höegh rival GasLog Ltd, the Greek-based LNG shipping fleet owner with 35 vessels currently operating, agreed a merger earlier in 2021 with a unit of US investment firm BlackRock.
GasLog entered into a merger agreement with BlackRock’s Global Energy & Power Infrastructure, part of the New York-based firm focused on long-term infrastructure investments in the energy and power sectors.
Australian Port Kembla project signs charter for Höegh LNG FSRU to be nation’s first regasification terminal
Australian Industrial Energy, a company controlled by billionaire businessman Andrew Forrest, has signed a long-term charter deal with Höegh LNG for a floating storage and regasification unit (FSRU) to operate at Port Kembla, south of Sydney
Höegh LNG Holdings reports loss amid takeover and mixed tender and project results for FSRU fleet
Höegh LNG Holdings, the Norwegian shipping company acquired in a takeover by Norwegian interests and a unit of US investment bank Morgan Stanley, posted a wider loss in the first quarter of 2021 as it reported setbacks in its tenders for projects.
