HHI inks Hoegh order for LNG FSRUs

17 Jun 2011

Hyundai Heavy Industries (HHI) has received a $500 million order from Hoegh of Norway to build a pair of LNG floating storage regasification units (FSRUs).

The 170,000m3 LNG FSRUs will have a length of 294m, a width of 46m and will have the capacity to store 70,000 tonnes of chilled natural gas. The newbuildings are scheduled to be delivered by the second half of 2013 and the first-half of 2014 respectively, and are planned to stay operational for 40 years. The contract also includes an option for two more similar LNG FSRUs.

The shipbuilder said it sees this contract as the beginning of the global LNG FSRU order trend and expects to win additional orders considering that more than ten LNG projects are underway in countries around the world including Brazil and Indonesia.

So far this year, HHI has secured orders for 53 ships including LNG carriers, LPG carriers, shuttle tankers, and LNG FSRUs worth $13.5 billion.

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