LNG

Hoegh LNG, the Norwegian import terminal developer and fleet operator, said long-term outlook for the floating storage and regasification unit (FSRU) market remains solid, though it warned that ventures were complex and reliant on a host of factors as one of its ventures was cancelled and two others suffered further delays.

Gazprom Global LNG, part of the trading arm of the Russian natural gas company, said it signed an initial 12-year gas sales agreement with Ghana National Petroleum Corp., the state-owned energy company in the West African nation.

Hoegh LNG, the Norwegian import terminal developer and fleet operator, said it continued to be the largest owner in the floating storage and regasification unit market with seven FSRUs in operation and three units under construction as it prepared for three new contracts in Ghana, Pakistan and Chile.

Ghana has signed an agreement for the nation to receive liquefied natural gas cargoes for a period of 15 years from West African neighbour and producer Equatorial Guinea as it awaits several planned import facilities to finally be completed.

One of two liquefied natural gas import terminals being developed in the West African state of Ghana and linked to power generation ventures is moving forward, with imports now scheduled to begin in early 2018.

Hoegh LNG, the Norwegian fleet owner and floating project developer, said it signed a contract to supply a vessel to be deployed as an import terminal for a project near the port of Tema in Ghana, one of two planned for the West African state.