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Oil & Gas

End of an era: The Höegh Gallant leaves Egypt, sets U.S. destination

Posted: October 21, 2018 at 1:49 pm   /   by   /   comments (0)

The Höegh Gallant floating storage regasification unit (FSRU), until recently the final critical link in Egypt’s natural gas import chain, left Egypt on Thursday, ending an era of gas imports and ushering Egypt’s re-emergence as a regional gas export hub. The FSRU set course for the US Sabine Pass production facility, according to Reuters. Höegh had agreed with Egypt to amend the terms of a five-year contract for the FSRU that will see the Norwegian company hired as an LNG carrier to a third party.

Liquefied natural gas (LNG) tanker Höegh Gallant has left its mooring in Egypt, where it had been used as a floating import terminal since 2015, and set course for the U.S. Sabine Pass production facility, according to Refinitiv Eikon data.

Höegh LNG said earlier this week it agreed an early termination of a contract with Egypt to use Höegh Gallant as a floating storage and regasification unit (FSRU) and would instead charter the vessel to a third party as a regular LNG carrier.

(Sources: & Reuters)

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