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>

<< Oct 2017 >>
MTWTFSS
25 26 27 28 29 30 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 31 1 2 3 4 5

Europort 2017

The 38th edition of Europort will take place from 7-10 November 2017 in Rotterdam Ahoy. Established as one of the world’s leading maritime…

read more >

Mozambique Gas Summit & Exhibition

Mozambique Gas Summit & Exhibition is recognised as the leading strategic meeting for Mozambique’s gas industry. Working in partnership…

read more >

FCCA Cruise Conference & Trade Show

The ​FCCA ​Conference ​is ​a four-day ​event ​designed ​to ​foster ​a ​better ​understanding ​of ​the ​inner ​workings ​of ​the ​cruise…

read more >

Bulk Liquid Storage Europe 2017

The event will cover current key challenges and issues faced by the industry and provide in depth discussions and analysis of today`s…

read more >