Höegh LNG : Three-year FSRU/LNGC time charter with CNOOC
Hamilton, Bermuda, 4 June 2018 - Höegh LNG Holdings Ltd. (Höegh LNG) today signed a time charter for the floating storage and regasification unit (FSRU) Höegh Esperanza with CNOOC Gas & Power Trading and Marketing Ltd. (CNOOC). The time charter is for three years with a one-year extension option. Under the contract, Höegh Esperanza will be utilised in FSRU mode at the Tianjin LNG terminal in China for no less than an agreed-upon minimum period each year, with the balance of the year in LNGC mode and/or FSRU mode. The contract will commence with immediate effect, and has a rate structure