Norway’s Hoegh LNG has agreed charter deals on two of its floating storage and regasification units to the German government.
Hoegh LNG Holdings said it has signed “binding implementation agreements” with the German Federal Ministry for Economic Affairs and Climate Action to charter out two of its FSRUs
The units will be deployed for operations in Germany for 10 years.
Hoegh said the detailed FSRU contracts are scheduled to be completed by September to October.
The two units are expected to start operations are expected at the end of this year.
The company did not name which of its FSRU have been selected or where they will be deployed.
TradeWinds has previously named one of these as the 170,000-cbm Hoegh Esperanza (built 2018) when it revealed in March that Germany moved quickly to secure three FSRUs as it tried to move away from Russian pipeline gas supply.
Dynagas has been working with German trader Uniper on a further two FSRUs, the 174,000-cbm Transgas Power and Transgas Force (both built 2021), possibly for location in Wilhelmshaven.
In the last few days, it emerged that Germany will add a fourth FSRU with this publication tipping this as likely to be a Hoegh vessel.
The Ministry named Brunsbuettel and the cities of Stade, Rostock and Hamburg, and Eemshaven in the Netherlands as other possible locations for FSRUs.
Trader RWE has also been working on FSRUs with the German government.
Announcing the agreements today Hoegh LNG president and chief executive Thor Jorgen Guttormsen said: “We are very pleased and honoured to be selected by the German government to support Germany’s security of energy supply with two of our modern, large-capacity FSRUs.”
