Höegh LNG has
entered into a binding commitment to supply H-Energy with an FSRU in Jaigarh,
India from as early as the first quarter of 2021.
Jaigarh is south
of Mumbai in Maharashtra state, India. The final agreement will be for 10 years
with annual termination options after year five, Höegh LNG said.
Höegh LNG will allocate one of its available FSRUs currently trading
in the LNG carrier market for the project.
Chief Executive Officer Sveinung J.S. Støhle says: "We are delighted to
have entered into a binding commitment with H-Energy for their new LNG import
terminal in Jaigarh, India.
"The construction of
H-Energy's LNG import project is near to completion, positioning it as a timely
gateway to one of the world's highest growing LNG markets. The terminal will be
the first of what we believe could be multiple FSRU based terminals in