Höegh Grace / photo credit Höegh LNG / photo for illustration purposes only

Höegh LNG has sealed a second binding 10-year time charter contract with the German Federal Ministry for Economic Affairs and Climate Action, which will act as the charterer.

The company made the announcement today making reference to the stock exchange notice dated 5th of May 2022. The floating storage and regasification unit (FSRU) Hoegh Gannet is allocated to the contract, as Höegh mentions. The vessel will be located at the Elbehafen LNG project in Brunsbüttel operated by Deutsche Energy Terminal.

The Elbehafen LNG project is developed by RWE and its subsidiary Elbehafen LNG in close cooperation with its partners Höegh LNG.

“We are proud to sign the second contract with the Federal Government of Germany for the new LNG import terminal in Brunsbüttel and look forward to starting operations together with RWE and the other partners” said Erik Nyheim, the President & CEO of Höegh LNG.

Höegh LNG owns and operates a global fleet of 10 floating LNG import terminals (Floating Storage and Regasification Units), and Höegh LNG Holdings is listed on the Oslo stock exchange and is a Bermuda based company with established presence in Oslo, Singapore, London, Miami, Jakarta, Klaipeda, Cairo and Cartagena.