Hoegh Gallant transfer closed

Höegh LNG of Norway said it has closed the transfer of the FSRU Höegh Gallant to Höegh LNG Partners.

As reported in August, Höegh LNG reached an agreement to sell the FSRU Höegh Gallant to Höegh LNG Partners (HMLP) for a purchase price of USD 370 million.

Höegh Gallant is operating under a charter with the government-owned Egyptian Natural Gas Holding Company that expires in April 2020.

Under the deal, HMLP has the right to cause Höegh to charter the vessel from the expiry of the EGAS charter until July 2025 at a rate equal to 90% of the rate payable pursuant to the current charter.

 

LNG World News Staff; Image: Höegh LNG

 

Share this article

Follow LNG World News

Events>

<< Apr 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 1 2 3 4 5

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >