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Hoegh LNG to supply floating LNG terminal to Australian import project

Published 20/08/2018, 10:27 am
© Reuters.  Hoegh LNG to supply floating LNG terminal to Australian import project
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MELBOURNE, Aug 20 (Reuters) - Norway's Hoegh LNG has won a tender to supply a floating LNG import terminal for a consortium planning to import liquefied natural gas to Australia's east coast, the consortium said on Monday.

Australian Industrial Energy, a consortium that includes Japan's JERA and Marubeni Corp 8002.T , signed an agreement giving it the right to lease one of Hoegh LNG's floating storage and regasification units (FSRU), to be docked at Port Kembla.

The project needs approvals from the state of New South Wales, which is evaluating the proposal on a fast track as "critical state significant infrastructure".

"We remain on schedule to deliver gas to our industrial customers during early 2020," Australian Industrial Energy Chief Executive James Baulderstone said in a statement.

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