Hoegh wraps up purchase of CoolCo’s LNG carrier

FSRU player Hoegh LNG has completed the previously announced deal to purchase the 2013-built LNG carrier Golar Seal from CoolCo for about $184.3 million.

Hoegh announced this in a statement on Wednesday saying that it renamed the LNG carrier to Hoegh Gandria.

The company said in February it expects to employ the vessel in the carrier market on a term time charter.

According to Hoegh LNG, the purchase price is “in line” with current market level for similar vessels.

Erik Nyheim, CEO of Hoegh LNG, said that the vessel will be an “excellent addition to our fleet, and provide flexibility to pursue FSRU conversion opportunities.”

Hoegh currently has ten FSRUs in its fleet, including two units that work in Germany.

With the addition of the new vessel, Hoegh now owns three LNG carriers.

The other two LNG carriers are the 2006-built sister vessels, Arctic Princess and Arctic Lady.

Most Popular

Woodside issues Louisiana LNG construction update

In October 2024, Woodside acquired all issued and outstanding Tellurian common stock for about $900 million cash, or $1.00 per share....

Trump lifts pause on non-FTA LNG export approvals

Trump issued the executive order, which was widely expected, just hours after officially taking over his second four-year term...

Hoegh Evi, SEFE ink hydrogen pact

Norwegian FSRU player Hoegh Evi, previously known as Hoegh LNG, is joining forces with German gas importer Securing Energy...

More News Like This

Hoegh Evi, SEFE ink hydrogen pact

Norwegian FSRU player Hoegh Evi, previously known as Hoegh LNG, is joining forces with German gas importer Securing Energy...

Singapore’s FueLNG, EPS in milestone LNG bunkering op

During the operation, the 18,500-cbm bunkering vessel, FueLNG Venosa, delivered liquefied natural to the LNG dual-fuel PCTC, Lake Shirasagi...

Igneo Infrastructure Partners to take ownership interest in Hoegh Evi

Hoegh Evi, previously known as Hoegh LNG, announced the acquisition in a statement on Friday saying Aequitas will retain...

Squadron Energy says Australia’s first LNG import terminal complete

According to Squadron Energy, commissioning of the onshore receiving facility is now underway, which ensures the functionality of all...