Höegh LNG, Nakilat Join Forces on FSRU Projects

Image Courtesy: Höegh LNG

Floating energy solutions provider Höegh LNG and shipping company Nakilat have agreed to explore collaboration for Floating Storage and Regasification Unit (FSRU) business.

The parties said that they signed a Memorandum of Understanding (MoU) for the cooperation on July 18.

“This agreement paves the way for greater business opportunities to create substantial platforms for local players to get involved in the project, exposing them to innovative technologies and expertise that would be beneficial to their growth and the development of Qatar’s energy and maritime industry,” Abdullah Al-Sulaiti, Nakilat’s Managing Director, said.

“The alliance with Nakilat is a confirmation of Höegh LNG’s leading position in the FSRU market and offers the opportunity to further accelerate our market presence beyond the projects we undertake on a sole basis,” Sveinung J.S. Støhle, President and CEO of Höegh LNG, said.

Image Courtesy: Nakilat

FSRU is a floating LNG import terminal, which has become a strategic solution for countries without LNG receiving terminal infrastructure, enabling better accessibility of clean energy.

Among the significant benefits of FSRU are the ability to serve markets which would otherwise not be able to utilize natural gas, pose lesser transportation risks and have the flexibility to be relocated or used as an LNG carrier.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Aug 2017 >>
MTWTFSS
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 31 1 2 3

Shipping2030 Asia

This year Shipping2030 Asia will take place with Global Liner Shipping conference, offering attendees unique access to networking with the container shipping industry…

read more >

Indonesia Marine & Offshore Expo (IMOX) 2017

Indonesia Marine & Offshore Expo (IMOX) 2017, Batamis an international maritime and offshore industrial event that brings an international…

read more >

Salvage & Wreck Asia

Could your business be affected by shipwreck? Are you a salvage professional or a wreck removal expert? …

read more >

DSM17

Donsö Shipping Meet 2017 is an all inclusive exhibition. Meals, electricity, meeting schedule and banquette dinner is included…

read more >