Höegh LNG Inks 20-Year FSRU Contract in Ghana

Illustration. Image Courtesy: Höegh LNG

Höegh LNG has signed a contract with Quantum Power Ghana Gas Limited to provide a floating storage and regasification unit (FSRU) for the Tema LNG import terminal located close to Accra in Ghana.

The contract is for a period of 20 years with a five year extension option for charterer and is expected to generate an average annual EBITDA of around USD 36 million, the company said.

The contract is subject to Quantum Power obtaining necessary governmental approvals, financial close and both parties’ board approval.

The infrastructure construction for the project is planned to start mid 2017 and expected delivery time for the FSRU is 6 – 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.

With this contract Höegh LNG has full contract coverage for its FSRU fleet, Höegh LNG’s President and Chief Executive Officer, Sveinung J. S. Støhle, said.

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

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2017 >>
MTWTFSS
27 28 29 30 31 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

Posidonia Sea Tourism Forum 2017

The 2017 Posidonia Sea Tourism Forum will provide a unique platform to evaluate new investment opportunities and meet the leaders…

read more >

Singapore Maritime Week 2017

Singapore Maritime Week (SMW) is the leading maritime event in Singapore. Driven by the Maritime and Port Authority of Singapore (MPA), SMW…

read more >

THE 30TH WORLD PORTS CONFERENCE Enabling Trade Energizing The World

This event is expected to have more than 500 attendees from the field of port, logistics, shipping and maritime industry…

read more >

Canada LNG Conference & Exhibition 2017

The 2017 conference will bring a re-invigorated program across three days focusing on technical innovation, domestic market opportunities…

read more >