Höegh LNG Holdings Ltd. (Höegh LNG) took delivery of Höegh Galleon, its tenth floating storage and regasification unit (FSRU). This high-specification FSRU has been constructed at Samsung Heavy Industries in South Korea and has a storage capacity of 170 000 cbm of LNG and a regasification capacity of 750 million standard cubic feet per day. The vessel is equipped with a GTT Mark III membrane containment system and tri-fuel diesel-electric (TFDE) propulsion. The delivery of the Höegh Galleon marks the completion of Höegh LNG’s current newbuilding programme and confirms the company’s position as the industry leader in the FSRU market.

Höegh Galleon enters an 18-month interim time charter (TCP) withCheniere Marketing International LLP (Cheniere) which will commence in September 2019. After the TCP with Cheniere the vessel is planned to move to Australia for AIE’s FSRU project in Port Kembla. Höegh LNG has been selected as the FSRU provider for by AIE, and Höegh Galleon is planned to serve the project from the end of 2020.

About Höegh LNG

Höegh LNG operates world-wide with a leading position as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs), and is one of the most experienced operators of LNG Carriers (LNGCs). Höegh LNG's vision is to be the industry leader of floating LNG solutions. Its strategy is to develop the business through an extended service offering, with large-scale FSRUs as the main product, and focus on establishing long-term contracts with attractive risk-adjusted returns involving credible counterparts. The company is publicly listed on the Oslo stock exchange under the ticker HLNG, and owns approximately 46% of Höegh LNG Partners LP (NYSE:HMLP). Höegh LNG is a Bermuda based company with established presence in Norway, the Philippines, Singapore, the UK, USA, South Korea, Indonesia, Lithuania, Egypt, Colombia and Turkey. The company employs approximately 155 office staff and 525 seafarers.

About Cheniere Partners

Cheniere Partners (NYSE American: CQP), through its subsidiary, Sabine Pass Liquefaction, LLC (“Sabine Pass Liquefaction”), is developing, constructing, and operating natural gas liquefaction facilities at the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, on the Sabine-Neches Waterway less than four miles from the Gulf Coast. Cheniere Partners, through Sabine Pass Liquefaction, plans to construct six Trains, which are in various stages of development, construction, and operations. Trains 1 through 5 are operational and Train 6 is under construction. Each Train is expected to have a nominal production capacity, which is prior to adjusting for planned maintenance, production reliability, potential overdesign, and debottlenecking opportunities, of approximately 4.5 mtpa of LNG and a run rate adjusted nominal production capacity of approximately 4.8 to 4.9 mtpa of LNG.

About Samsung Heavy Industries

Samsung Heavy Industries has successfully completed many of the world's first and largest shipbuilding and offshore EPC projects, with sole aim to establish global leadership in each of the participating market segments.
Most notably, it has achieved unbeatable leadership in the high-tech high-value shipbuilding sector by maintaining the world’s No. 1 share in the drill ship, LNG carrier and FPSO markets.
The company has developed and built the first Arctic Shuttle-Tanker and LNG-FPSOs in the world, and has pioneered new market developments by developing innovative products such as LNG-FSRU, and various ships for polar applications, Arctic Ice-Breaker Container Ships.

About GTT

As a leading engineering company in containment systems for the shipping and storage in cryogenic conditions of LNG (liquefied natural gas), GTT offers engineering, consultancy, training, maintenance support and technical design services. Approved by leading classification societies, its technologies are underpinned by a substantial return of experience over many decades.