Höegh LNG to sell off FSRU
Norway The transaction, which is slated for completion by the end of September, will be financed through a $47-million seller’s credit due in 18 months, as well as a $140-million demand note cancellation from the parent company. The $183-million debt on the Höegh Gallant will remain outstanding.
“Höegh LNG has a strong pipeline of drop-down candidates, making Höegh LNG Partners a robust vehicle for funding our floating storage and regasification unit expansion already under way,” Sveinung J.S. Stohle, president and CEO of Höegh LNG said in a company press release.
The Höegh Gallant has been under a five-year contract with the Egyptian Natural Gas Holding Company at the Ein Sokhna port since April 2015.
Recent Posts
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea, Subsea7 sign long-term deal with Equinor
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
Presight AI takes 49% stake in ADNOC energy AI player
Presight has acquired a 51% shareholding in AIQ, an energy-focused AI player founded by ADNOC and G42, the companies announced… Read More
Wood wins TotalEnergies North Sea flare recovery work
UK engineering contractor Wood has been awarded a decarbonisation project by TotalEnergies to support flare gas recovery in the North… Read More