Shipping company Höegh Evi has signed a 10-year charter agreement with Egyptian National Gas Holding Company (Egas) for the deployment of the Hoegh Gandria vessel as a floating storage and regasification (FSRU) unit.
The vessel – which replaces Hoegh Galleon – will be operational from Q4 2026 at the Port of Sumed and supply up to 1,000 mmscf/day of peak LNG regasification capacity.
Erik Nyheim, President and CEO of Höegh Evi, said it looked forward to building on its relationship with Egas and supporting Egypt’s diversified energy system.
Hoegh Gandria was bought in February 2023 with the intention of conversion from an LNG carrier to a high-capacity FSRU for long-term deployment.
Hoegh Galleon will remain in Egypt for up to an additional year, before switching to the LNG terminal in Port Kembla, Australia, in 2027.
Two weeks ago, Höegh Evi and VTTI launched the permitting process for Zeeland Energy Terminal in the Netherlands, which will feature an FSRU that directly connects to the national gas grid, boosting LNG import capacity.
And together with Wärtsilä Gas Solutions the shipping company has completed development of what is believed to be the world’s first floating ammonia-to-hydrogen cracker in Norway, with capacity of up to 210,000 tonnes of hydrogen annually.
Formerly Höegh LNG, Höegh Evi rebranded to reflect its expanded focus beyond LNG import terminals, including new ventures in ammonia, hydrogen, and carbon capture and storage. Evi stands for “energy vector infrastructure”.
