LNG

Höegh LNG Partners, the owner and operator of five floating storage and regasification units, has completed the refinancing of two FSRUs contracted as floating import terminals in Indonesia and Turkey.

Höegh LNG Partners, the US-listed company whose dominant shareholder is the de-listed Höegh LNG Holdings which is now partnered with the infrastructure unit of US investment bank Morgan Stanley, reported reduced third-quarter earnings in three revenue fronts for a reduced fleet of five vessels.

Indonesian national oil company and liquefied natural gas exporter Pertamina is renewing efforts to develop the small-scale LNG market by building an onshore regasification terminal linked to the island nation’s largest oil refinery in southern Central Java province.

Indonesian energy executives held a recent online conference with the national oil and gas regulator on ways of increasing domestic natural gas demand such as constructing more pipeline infrastructure to support the home market as a less expensive alternative to increasing LNG exports.

National oil companies in Asian states are looking for ways to alleviate the severe financial crises brought on by the price crash and the Covid-19 pandemic and the Indonesian energy company Pertamina is planning an overhaul and spin-offs for more subsidiaries.