Höegh Esperanza starts FSRU operations for CNOOC in Tianjin

November 6, 2018

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Höegh LNG announced that Höegh Esperanza has arrived at the Tianjin LNG terminal in China and has started commissioning for FSRU operations. It is currently serving a three-plus-one year FSRU/LNGC time charter with CNOOC Gas & Power Trading and Marketing Ltd. Under the contract, it will be utilized in FSRU mode for a minimum period each year, with the balance of the year in LNG carrier mode and/or FSRU mode. The rate structure corresponds to the mode of use, with an anticipated annualized EBITDA contribution when in FSRU mode of approximately USD 33 million.

The FSRU Höegh Esperanza was delivered from Hyundai Heavy Industries in April 2018 and entered the contract with CNOOC in June 2018. It has both open and closed loop regasification capability, an import capacity of around 6 MTPA of LNG and storage capacity of 170,000 cubic meters of LNG.

Edited from Höegh LNG press release.