Höegh LNG grabs FSRU deal in Ghana

Höegh LNG grabs FSRU deal in Ghana
Image courtesy of Höegh LNG

Höegh LNG on Thursday said it has signed an FSRU contract with Quantum Power Ghana Gas for the Tema LNG import terminal located close to Accra in Ghana.

The Tema LNG project is supported by the Ghana National Petroleum Corporation (GNPC), Ghana’s national oil and gas company.

The contract is for a period of 20 years with a five year extension option for the charterer, Höegh LNG said in a statement.

Höegh LNG adds in its statement that the contract is subject to Quantum Power obtaining necessary governmental approvals, financial close and both parties’ board approval.

According to Quantum Power’s CEO, Matty Vengerik, this is the first such project to be implemented in sub-Saharan Africa.

The infrastructure construction for the project is planned to start mid 2017 and expected delivery time for the FSRU is 6 to 12 months following commencement of the construction work. The FSRU will be provided from Höegh LNG’s portfolio of FSRUs, including units under construction, the planned conversion FSRU or planned newbuilding orders.

Höegh LNG’s president and CEO, Sveinung J. S. Støhle said that with the latest agreement, the company has achieved full contract coverage for its fleet.

 

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