Höegh LNG to deploy Australia-bound FSRU to Egypt

Höegh LNG, Australian Industrial Energy Pty Ltd (AIE) and Egyptian Natural Gas Holding Company (EGAS) have signed an agreement to deploy the Floating Storage and Regasification Unit (FSRU) Hoegh Galleon to Egypt.

The FSRU will be deployed to support energy security in Egypt.

Hoegh Galleon will be located in Ain Sokhna, Egypt for a likely period of 19-20 months, after which it is expected to be deployed to AIE’s LNG terminal currently under construction at Port Kembla, Australia. 

Höegh LNG and AIE announced a 15-year FSRU charter agreement for Hoegh Galleon in June 2022.

The agreement with EGAS is for an interim period of June 2024 to February 2026.

Erik Nyheim, president and chief executive of Höegh LNG, said: “Together with AIE and EGAS, we are pleased to provide Egypt with flexible infrastructure in support of energy security.

“Höegh LNG is the industry leader in the rapid deployment of FSRUs, and we are pleased that we can provide this solution for EGAS together with AIE while continuing to develop our strong partnership.”