LNG

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.

Hygo Energy Transition, the joint venture company formed by shipping and projects operator Golar LNG and US fund Stonepeak Infrastructure Partners for their Golar Power interests, has appointed a new Chief Executive to replace the previous incumbent who decided to step down after being caught up in a Brazilian corruption investigation.

Oct 2 (LNGJ) - Golar Power, the joint venture involving Stonepeak Infrastructure Partners and which in the future will be named Hygo Energy Transition, has apparently submitted the highest bid to lease the Salvador LNG import terminal in the northeast Brazilian state of Bahia, according to media reports in Brazil, citing officials involved in the process.

   In a securities exchange filing, Brazil’s state-controlled energy company Petrobras confirmed only that it had received an offer from Golar, though there were doubts about the final outcome because of a Hygo Energy executive being caught up in a completely unrelated bribery probe. Petrobras added that the tender process would now enter a phase in which interested parties could lodge appeals. A total of 12 companies applied to submit offers, including Spanish energy company Repsol and France’s Total.