Hoegh LNG signed a floating storage and regasification unit (FSRU) deal with a project aiming to supply LNG to Ghana.
The Tema LNG import terminal, sponsored by Quantum Power and Ghana National Petroleum, will be located close to Accra.
The contract is for a period of 20 years with a five year extension option for charterer and is expected to generate an average annual earnings before interest, taxes, depreciation and amortisation (Ebitda) of around $36m, Hoegh said.
The contract is still subject obtaining necessary governmental approvals, financial close and both parties' board approval.
Construction is slated to begin mid 2017, with the FSRU set for delivery in the following six to twelve months. The Sveinung Stohle-led company said the vessel will come from its portfolio of FSRUs, including units under construction, the planned conversion FSRU or planned newbuilding orders.
"We are delighted to have been awarded the contract with Quantum Power for their new LNG import terminal in Ghana, and look forward to completing the project together with our client," Stohle said. "Our modern FSRU solutions offer our client the quickest, most cost efficient and flexible way of importing LNG."
