Marine energy infrastructure specialist Höegh Evi has entered into a 10-year time charter agreement with Egyptian Natural Gas Holding Company for the deployment of Hoegh Gandria as a floating storage and regasification unit (FSRU) in Egypt.
The FSRU will be deployed in the fourth quarter of 2026 to the Port of Sumed and will supply up to 1,000 mmscf/day of peak LNG regasification capacity.
To accelerate the FSRU employment, Höegh Evi will convert the LNG carrier Hoegh Gandria into an FSRU. The conversion project will begin immediately to ensure the timely delivery of the FSRU.
Hoegh Gandria was purchased in February 2023 with the intention of conversion from an LNG carrier to a high-capacity FSRU for long-term deployment.
Hoegh Gandria will replace Hoegh Galleon, which was deployed to Egypt in July 2024, on an interim charter from AIE and Höegh Evi. Hoegh Galleon will remain in Egypt for up to an additional year before deployment to the LNG terminal in Port Kembla in Australia in 2027.