Höegh LNG Holdings Ltd. (Höegh LNG) has entered into a time charter contract with Naturgy Energy Group S.A (Naturgy) for FSRU #9.

The time charter commences in December 2018, immediately after the delivery of the unit and a positioning voyage from Hyundai Heavy Industries Co., Ltd. in South Korea, and has a term of 15 months. Under the contract, FSRU #9 will earn a fixed daily charter rate which is in line with the current medium-term market for DFDE LNG carriers.  

Sveinung J.S. Støhle, President and CEO of Höegh LNG comments: “We are pleased to further develop our strong relationship with Naturgy, a highly reputable and ambitious LNG portfolio player and a long-time business partner of Höegh LNG. This charter party will cover the period from delivery of FSRU #9 until planned start-up for prospective FSRU projects, and it further demonstrates once again the premium trading qualities of our FSRUs. Finally, from commencement of the contract Höegh LNG’s fleet will be fully employed”

Source: Höegh LNG