Höegh LNG announces agreement to deploy FSRU Hoegh Galleon to Egypt

Höegh LNG Holdings Ltd. (Höegh LNG) has announced an agreement between Höegh LNG, Australian Industrial Energy Pty Ltd (AIE) and Egyptian Natural Gas Holding Company (EGAS) for the deployment of the Floating Storage and Regasification Unit (FSRU) Hoegh Galleon.

The aim of the deployment is 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.  

“Together with AIE and EGAS, we are pleased to provide Egypt with flexible infrastructure in support of energy security,” said Erik Nyheim, President & CEO of Höegh LNG. “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.”

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. 

Höegh LNG is a pioneer within maritime energy infrastructure, providing countries and energy consumers with rapid, flexible and cost-efficient access to the global LNG market. The company is a leading innovator, owner and operator of Floating Storage and Regasification Units (FSRUs) and LNG carriers (LNGCs). In addition to providing energy security, our vessels support the transition to renewables by providing reliable access to lower carbon natural gas and a flexible infrastructure solution for delivering carbon-free energy.    

For over 50 years, Höegh LNG has provided safe and reliable access to critical and cost-competitive LNG infrastructure. Its global organisation consists of approximately 900 employees at sea and onshore, with half of its capacity deployed in Europe.