WATCH: Höegh FSRU Installed in Cartagena

Published at 11:50AM - 02/11/16

Höegh LNG announced that its floating storage regasification unit (FSRU) Höegh Grace has arrived and has been installed at the terminal in the port of Cartagena in Colombia.

The unit is now ready to receive the commissioning cargo and enter the commissioning phase, the company informed.

“We are very pleased to be on site with the Höegh Grace in Cartagena and to have been part of developing this critical energy infrastructure together with our client SPEC,” Höegh LNG President and CEO, Sveinung J. S. Støhle, said.

WATCH: Höegh FSRU Installed in Cartagena

“This is the sixth FSRU Höegh LNG puts into operation and the fourth since 2014, showing that we deliver on our growth strategy and continue to build our leading position in the FSRU market,” the executive added.

“We fully expect to have completed the commissioning phase and started to deliver gas to SPEC according to plan within the fourth quarter of 2016,” he stated further.

WATCH: Höegh FSRU Installed in Cartagena
Höegh FSRU Grace from above

As soon as the vessel enters the commissioning phase, commercial operations can start under the long-term contract signed with Sociedad Portuaria El Cayao S.A. E.S.P (SPEC), estimated for early December 2016.

Höegh to Start LNG Shipments in Colombia

“The arrival of the FSRU represents a significant milestone for the terminal,” SPEC’s General Manager, Jose Luis Montes, said.

“We expect that in the very near future, Colombia will be able to be receiving shipments of LNG from around the world,” he added.

In late October, the Norwegian firm had announced it is to finalise a newbuild contract as soon as it finalises a charter deal for the Höegh 7, currently under construction in South Korea.

The company expects bids for the newbuild from six international shipyards, reportedly in South Korea, Japan and China.

The vessel is currently at Hyundai Heavy Industries’ yard and is due for delivery in March.

The announcement follows the company’s plan to have 12 FSRUs in its fleet by 2019.