Höegh LNG of Norway said it has signed an agreement with GDF Suez which will form the basis for facilitating their use of the GDF Suez Cape Ann as the first floating storage and regasification unit in China.
The vessel will serve the Tianjin project under a sub-charter between GDF Suez and China National Offshore Oil Corporation Gas & Power Ltd (CNOOC).
Höegh LNG said in its statement it has “worked closely” with GDF Suez over the last two years in order to support the French utility with the sublet of the vessel, which is scheduled for commissioning in Tianjin in October 2013, followed by commercial operations thereafter. Höegh LNG will continue to operate the FSRU.
The vessel is expected to be permanently moored at Tianjin for a period of up to five years operating as an FSRU while at the same time maintaining full trading capability. The FSRU will be the first floating LNG import terminal in China. The unit will fulfill the same role as a
According to Höegh LNG, the FSRU will fulfill the same role as a land-based terminal whilst providing a shorter timeline for the ability of receiving LNG into Tianjin and fuel growth of the whole region.
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LNG World News Staff, May 2, 2013; Image: Höegh LNG