Bermuda-headquartered marine energy infrastructure company Höegh Evi has signed a 10-year time charter agreement with Egyptian Natural Gas Holding Company (EGAS) for the deployment of Hoegh Gandria as a floating storage and regasification unit (FSRU) in Egypt.
Höegh Evi states that the FSRU Hoegh Gandria will be deployed in Q4 2026 to the port of Sumed and will supply up to 1,000 mmscf/day of peak LNG regasification capacity.
To accelerate the FSRU employment, Höegh Evi will convert the LNG carrier Hoegh Gandria to a floating regasification and import terminal (FSRU) with the conversion project to begin immediately in order to ensure the timely delivery of the FSRU.
The Hoegh Gandria was purchased in February 2023 with the intention of conversion from an LNG carrier to a high-capacity FSRU for long-term deployment.
The FSRU Hoegh Gandria will replace the Hoegh Galleon, which was deployed to Egypt in July 2024, on an interim charter from AIE and Höegh Evi.
The FSRU Hoegh Galleon will remain in Egypt for up to an additional year before deployment to the LNG terminal in port Kembla, Australia in 2027, as the company says.
Erik Nyheim, president and CEO of Höegh Evi, says that “Höegh Evi is proud of our longstanding role as a trusted energy infrastructure partner to Egypt and we are excited to begin the conversion of Hoegh Gandria to a floating import terminal, highlighting the unique flexibility of marine infrastructure. We look forward to building on the successful long relationship we have with EGAS and supporting the growth of Egypt’s diversified energy system.”
