LNG

Contract expires for Höegh’s Chilean FSRU

Höegh LNG has allowed a contract to provide an FSRU for the Penco-Lirquén terminal in Chile to expire because approvals for the projects were likely to be delayed again
By Staff reporter 24 August 2018 0 32299

Höegh LNG has allowed a contract to provide an FSRU for the Penco-Lirquén terminal in Chile to expire because approvals for the project were likely to be delayed again, Höegh said on Thursday in its Q2 2018 earnings announcement.

Höegh signed a 20-year contract in May 2015 to lease the Esperanza FSRU, but the company was “made aware that the planned approval process for the GNL Penco FSRU project is likely to be further delayed, and therefore the parties have...