Höegh LNG Signs Contract for Tema FSRU

Wednesday, December 7, 2016

Höegh LNG signed an FSRU contract with Quantum Power Ghana Gas Ltd. on December 1 for the Tema LNG import terminal in Ghana. The contract is for a period of 20 years with a five-year extension option for charterer.

The contract has a yearly value of around $36 million.

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 new building orders.

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