Norwegian marine infrastructure provider Höegh Evi has signed a 10-year time charter agreement with Egyptian Natural Gas Holding Company (EGAS) for the deployment of the 2013-built Hoegh Gandria LNG carrier as an FSRU in Egypt.
The FSRU unit, set to be converted from a 160,548-cbm LNG carrier to an FSRU, will be deployed in the fourth quarter of 2026 to the Port of Sumed and will supply up to 1,000 mmscf per day of peak LNG regasification capacity.
The company bought the vessel in February 2023 for the purpose of converting it to a high-capacity FSRU for long-term deployment. To accelerate the FSRU employment, the conversion project will begin immediately to ensure the timely delivery.
The conversion contract was awarded to Seatrium. The contract covers the installation of a regasification skid, as well as integration of key supporting systems such as cargo handling, utility, offloading, electrical, and automation systems.
Engineering works for the project will commence during this month with an estimated project duration of 18 months. Seatrium has successfully delivered 20 similar conversion projects since 2007.
The FSRU Hoegh Gandria will replace the FSRU Hoegh Galleon, which was deployed to Egypt in July 2024, on an interim charter from AIE and Höegh Evi. The Galleon will remain in Egypt for up to an additional year before deployment to the LNG terminal in Port Kembla, Australia, in 2027.
