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7 Mar 2018
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Höegh LNG terminates charter agreement with GEI

hoegh terminates contract with gei
Above image is used for illustration purposes only

Höegh LNG announced that, after considering its contract with GEI, the company decided to terminate the FSRU #9 charter agreement signed on 15 December 2016.

Last year, on 15 December 2016 Höegh LNG had signed an FSRU contract with Global Energy Infrastructure Limited (GEI) for GEI’s LNG import project in Pakistan.

As the company explained in its third quarter 2017 financial report issued 16 November 2017, Höegh LNG has examined its options under the contract with GEI, and has concluded to terminate the FSRU agreement signed last on December 2016.

Albeit the termination of the cooperation between the two companies, Höegh LNG is currently in the process of finding an alternative employment for FSRU #9, which was originally intended for the GEI project, and the company expects that firm FSRU employment will be in place before delivery end 2018.

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