#None #Bermuda #Höegh Evi #EGAS #Hoegh Gandria

Höegh Evi's New FSRU Charter with EGAS

In a significant move to bolster Egypt's position as a key energy hub in the Middle East, Höegh Evi, a renowned player in marine energy infrastructure, has finalized a 10-year time charter agreement with the Egyptian Natural Gas Holding Company (EGAS). This agreement specifically involves the deployment of the Hoegh Gandria, which is set to transform into a floating storage and regasification unit (FSRU). The operational launch is anticipated for the fourth quarter of 2026, at the Port of Sumed, where the FSRU is expected to provide up to 1,000 mmscf/day of peak liquefied natural gas (LNG) regasification capacity.

This venture illustrates Höegh Evi's long-standing commitment to supporting Egypt's ambitions for a diversified and flexible energy infrastructure. Erik Nyheim, President and CEO of Höegh Evi, emphasized the company's pride in its longstanding role as a trusted infrastructure partner for Egypt. He expressed enthusiasm for the conversion of the Hoegh Gandria, which will facilitate the establishment of a floating import terminal, showcasing the vital flexibility that marine infrastructure can offer. This project is not merely a contract; it's a strategic alignment geared towards advancing Egypt's energy system into a more diverse and resilient framework.

Conversion of Hoegh Gandria to an FSRU

The conversion of the Hoegh Gandria, which was originally purchased in February 2023 as an LNG carrier, is a crucial part of Höegh Evi's strategic vision. The transformation into a high-performing FSRU will commence immediately. By executing this conversion, Höegh Evi aims to enhance the operational adaptability and performance capabilities of its marine infrastructure.

Moreover, this charter means that Hoegh Gandria will eventually succeed the Hoegh Galleon, which has been operational in Egypt since July 2024 on an interim charter. The Galleon is slated to remain in this role for an additional year before it transitions to support operations at the LNG terminal located at Port Kembla, Australia, in 2027. This changeover illustrates Höegh Evi's dynamic approach to managing its fleet while adapting to the evolving energy needs of both current and future markets.

Höegh Evi: A Leader in Marine Energy Infrastructure

Höegh Evi stands as a formidable figure in the landscape of marine energy solutions with over 50 years of pioneering experience. The company is renowned for one of the largest fleets of FSRUs globally, playing an integral role in the importation of natural gas to various markets. Today, they are also venturing into innovative solutions such as floating terminals for ammonia and hydrogen imports, and they are leading the way with the world's first floating ammonia-to-hydrogen cracker, positioning them at the forefront of the energy transition.

With a highly skilled workforce comprising 900 professionals worldwide, Lorem Ipsum exemplifies a commitment not just to maritime solutions, but to the larger imperative of securing a sustainable energy future. Their ongoing projects and ventures underscore their pivotal role in adapting to and driving forward the evolving energy requirements of the global landscape.

For more information on Höegh Evi and its range of projects, visit hoeghevi.com.