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Höegh LNG to supply FLNG terminal to Australian import project

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Tanks and Terminals,


According to a Reuters report, Norway’s Höegh LNG has won a tender to supply a floating LNG (FLNG) terminal for a consortium aiming to import LNG to Australia’s east coast from 2020 in a push to boost local supply.

Australian Industrial Energy (AIE), a consortium that includes Japan’s JERA and Marubeni Corp., stated on Monday an agreement was signed giving it the right to lease one of Höegh LNG’s floating storage and regasification units (FSRU), to be docked at Port Kembla.

The project needs approvals from the state of New South Wales, which is evaluating the proposal on a fast track as “critical state significant infrastructure”, amid pressure to drive down gas prices.

“We remain on schedule to deliver gas to our industrial customers during early 2020,” AIE Chief Executive James Baulderstone said in a statement.

ExxonMobil Corp. and a private firm are also considering importing LNG from around 2021 or 2022.

Read the article online at: https://www.tanksterminals.com/terminals/22082018/hoegh-lng-supply-flng-terminal-australian-import-project/

 

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