AGL Shipping is changing up the floating storage and regasification unit it plans to use on its delayed Australian LNG project.
Hoegh LNG announced Friday that the Hoegh Giant was being switched out in favor of the Hoegh Esperanza for a decade-long charter at the Crib Point project, roughly 40 miles southeast of Melbourne.
The company said the Hoegh Esperanza was a better fit environmentally, as it was outfitted with both closed and open loop regasification systems. The FSRU is currently under contract with CNOOC until June 2021.
The AGL contract is expected to net Hoegh $31m.
Earlier in the day energy giant AGL said the project would not start pumping gas until early 2022, instead of 2021, as initially expected.
The project is reportedly undergoing environmental review.
New York and Oslo-traded Hoegh said after coming off its current charter, plus relocation time, start-up at Crib Point would "fit well" with AGL's planned commercial start-up.
